Washington State Investment Board to mull $1.75 billion in investments
By Randy Diamond | September 14, 2012 4:05 pm
Washington State Investment Board, Olympia, at its Sept. 20 meeting will consider making $1.75 billion in new investments, including $500 million to two money managers that are part of the investment board's tangible assets program, board spokesman Liz Mendizabal said in an e-mail Friday.
Ms. Mendizabal said the private market committee is recommending commitments of $250 million each in the Global Infrastructure Partners Fund II, which will target energy and transportation opportunities in North America, Europe and Australia, and the Stonepeak Infrastructure Fund, a new North America middle-market fund.
Ms. Mendizabal said the tangible assets program currently has $1.3 billion in investments. The board manages a total of $58.8 billion.
Other proposed investments include a $400 million commitment to private equity fund Silver Lake Partners IV. It would be the fourth Silver Lake fund in which WSIB has invested, Ms. Mendizabal said.
It will also consider a $150 million investment in the Roark Capital Partners III, the board's first with the North American middle-market buyout fund; and $200 million to Triton Fund IV, a middle-market buyout fund focused on investments in German-speaking and Nordic countries, the board's second commitment to a Triton fund, Ms. Mendizabal said.
The board will also consider committing an additional $500 million to Evergreen Real Estate Partners, raising it to $2.5 billion.
Ms. Mendizabal said the investments were approved by the board's private markets committee on Sept. 6.