WSIB approves $300m commitment

The US public pension has backed a multi-regional focused fund.

Institution: Washington State Investment Board
Headquarters: Olympia, United States
AUM: $147.42bn
Allocation to alternatives: 35.17%
Bitesize: $200-$500m

Washington State Investment Board announced a commitment up to $300 million to Francisco Partners VI, a contact at the pension informed Private Equity International.

The US public pension has a 23.0 percent target allocation to private equity that currently stands at 16.88 percent.

The LP has made 16 commitments to funds with a 2019 or 2020 vintage, which combined constitute $4.40 billion.

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