WSIB commits $2.2bn to six funds

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

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.

To access more Washington State Investment Board insights, analysis and data, click here