Institution: Washington State Investment Board
Headquarters: Olympia, United States
AUM: $111.5 billion
Allocation to alternatives: 46.9%
Washington State Investment Board has committed $1 billion across three private equity vehicles at its November 2020 retirement board meeting, a contact at the pension informed Private Equity International.
The commitments comprised $600 million to GTCR Fund XIII; $200 million to Monarch Capital Partners V; and €170 million to Providence Strategic Growth Europe. The commitment made to Monarch Capital Partners V, managed by Monarch Alternative Capital, represents a new relationship with the pension.
The $111.5 billion US public pension has a 23 percent target allocation to private equity that currently stands at 21.4 percent.
As illustrated below, WSIB’s recent private equity commitments have targeted buyout and venture capital vehicles within the TMT sector. The pension’s chief investment officer is Allyson Tucker.
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