LP Tearsheet

WSIB commits $2.2bn to six funds

The $120.1bn US public pension reups with four managers and approves two new relationships.

By
Kristian Lundberg
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The Washington State Investment Board (WSIB) approved up to $2.2 billion in commitments to six private equity funds, according to Chris Phillips, WSIB’s director of institutional relations.

At its board meeting Thursday, the $120.1 billion US public pension committed $600 million to Carlyle Partners VII; $400 million to Providence Equity Partners VIII; $225 million to Warburg Pincus Financial Sector; and €200 million ($234.7 million) to PAI Europe VII.

The board additionally confirmed investments in TPG Growth IV at $350 million and in Affinity Asia Pacific Fund V at $400 million during Thursday’s meeting. Of these six fund managers, Carlyle and PAI are WSIB’s only new general partner relationships.

WSIB has a 15.5% commitment to private equity. Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.