Washington State Investment Board, Olympia, approved up to $1.2 billion in real estate and private equity investments, said spokeswoman Liz Mendizabal. The $61.2 billion system will commit $250 million to Washington Holdings Structured Finance, a real estate fund; up to $700 million in Warburg Pincus Private Equity IX; and up to $50 million in the Banc Fund VII Trust, a private equity fund run by the Banc Funds Co. The board also approved an additional $200 million allocation to Pathway Capital Management to invest as opportunities are found.
Separately, the board renewed its contract with real estate consultant Courtland Partners for five years. The current contract expires June 30, Ms. Mendizabal said.
