Washington State Investment Board adds $300 million to Asia private equity

Washington State Investment Board, Olympia, committed up to $300 million to pan-Asian buyout fund Affinity Asia Pacific Fund IV, confirmed spokeswoman Liz Mendizabal.

The fund is run by Affinity Equity Partners

The $66.8 billion investment board previously committed $100 million to Affinity Asia Pacific Fund III in March 2007.

Separately, the board also made a follow-on commitment to KKR North America XI Fund. The board originally committed $500 million to the fund in February 2011.