State of Wisconsin Investment Board, Madison, committed or invested a total of $2.6 billion in hedge funds, private equity, real estate and other asset classes, according to a staff report for its Feb. 7-8 board meeting emailed by spokeswoman Vicki Hearing.
The hirings occurred in the three months ended Dec. 31. In hedge funds, SWIB, which oversees a total of $104.6 billion including the Wisconsin Retirement System’s $96.4 billion in assets, invested $1.3 billion with D.E. Shaw Group, $150 million with Marshall Wace, $40 million with Two Sigma Investments, $25 million each with Coastland Capital and Stone Milliner Asset Management and $10 million with Dorsal Capital Management. The hedge funds were included as part of the board’s “funds alpha commitments,” according to the staff report. It also invested $375 million with AllianceBernstein (AB) and $160 million with Investcorp, in the “funds alpha” allocation. Further information, including what types of strategies, could not be learned by press time.
In private equity, SWIB committed $100 million to Benefit Street Partners Debt Fund IV, a direct lending fund managed by Benefit Street Partners; $50 million each to Apollo European Principal Finance Fund III, a distressed debt fund managed by Apollo Global Management; and Vista Equity Partners Fund VI, a buyout fund; $45 million to Warburg Pincus China Private Equity Fund, and $28 million to Procuritas Capital Investors VI, a buyout fund focused on the Nordic region managed by Procuritas Partners.
In real estate, SWIB committed $150 million to Wilson HCF Wisconsin Holdings 6, managed by Heitman, and $90 million to Carson Cos. Industrial JV.
Further information on the real estate commitments could not be immediately learned; Ms. Hearing was not available by press time.