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Washington State Investment Board slates $1.6 billion to 4 alts managers

Washington State Investment Board approved commitments of more than $1.6 billion to a total of five alternatives strategies, said spokeswoman Tish Day in an e-mail.

The largest commitment is up to $700 million to Fisher Lynch Capital’s Fisher Lynch Co-Investment Partnership III, which will target leveraged buyout and growth equity investments in the $20 million to $75 million range, Ms. Day wrote.

Another €320 million ($355 million) has been committed to Permira VI, which will invest in midcap to large-cap European buyouts. The fund will focus on consumer, industrials, financial services, health care, telecommunication, media, and technology.

Receiving a commitment of $200 million was FountainVest China Growth Capital Fund III. The FountainVest fund will invest thematically in revenue-generating, high-growth businesses that benefit from sustainable macro trends in China.

A total of $400 million was committed to Alinda Capital Partners: $100 million to Alinda Infrastructure Fund III, which will target asset-based opportunities in transportation, telecommunications and energy; and $300 million to a separately managed investment vehicle that will invest in lower-risk, asset-heavy infrastructure businesses.