WSIB approves $750m in commitments

The US public pension has backed three global private equity funds.

Institution: Washington State Investment Board
Headquarters: Olympia, United States
AUM: $132.30bn
Allocation to alternatives: 41.74%
Bitesize: $200-500m

The Washington State Investment Board has committed $300 million to Stone Point Capital‘s Trident VIII, $200 million to Menlo Ventures’ Menlo Special Opportunities Fund II and $250 million to TPG’s The Rise Fund II. Menlo Ventures will use capital committed to support venture capital technology companies throughout the United States, while Trident VIII and The Rise Fund II will invest globally using a buyout strategy.

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

As illustrated in the charts below, WSIB has made commitments to four private equity funds to date in 2019. The pension has a global appetite for private equity funds across multiple strategies.

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