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Washington state board putting $1.5 billion in private equity, real estate

Washington State Investment Board, Olympia, approved four commitments or investments totaling up to $1.5 billion for private equity and real estate, spokeswoman Liz Mendizabal said.

The $103.6 billion board, at its Dec. 18 meeting, approved:

The board uses intermediaries such as Calzada to assist with the oversight of investments as the portfolio continues to grow in complexity and size, Ms. Mendizabal said.