The $43 billion State of Wisconsin Investment Board, Madison, committed $75 million to Kohlberg Kravis Roberts' 1996 buy-out fund, said Patricia Lipton, executive director. SWIB is a long-time investor with KKR, she said. The commitment is pending normal due diligence.
Evelyn A. Petschek has been named assistant commissioner for employee plans and exempt organizations at the Internal Revenue Service. Ms. Petschek, who had been acting assistant commissioner since James McGovern retired in February, previously was director of the agency's employee plans and exempt organizations division, according to a spokesman. The IRS has not yet named a new director of the division to replace Ms. Petschek