WSIB approves $200m commitment

The US public pension has backed a TPG private equity fund.

Institution: Washington State Investment Board
Headquarters: Olympia, United States
AUM: $132.30bn
Allocation to alternatives: 41.74%
Bitesize: $100-200m

The Washington State Investment Board has agreed to commit $200 million to TSSP Capital Solutions, according to a source at the firm. The fund, managed by TPG, has a target size of $2 billion.

The $132.30 billion public pension has a 23% target allocation to private equity that currently stands at 20.71%

As illustrated in the charts below, Washington State Investment Board has allocated 41.74% to alternative assets. It is the first commitment to a private equity fund that the pension has announced in 2019.

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