State of Wisconsin Investment Board, Madison, committed $690 million to nine private equity funds. The $93 billion fund committed $100 million each to Green Equity Investors V, Providence Equity Partners VI and Thomas H. Lee Equity Fund VI; $75 million each to Gores Capital Partners II, Hellman & Friedman Capital Partners VI and OCM Opportunities Fund VII/VIIb; $65 million to CVC European Equity Partners Tandem Fund; and $50 million each to American Securities Distressed Partners and EQT V.
Funding will come from liquidity funds managed by BGI; the temporary investments are designed for redeployment and are replenished periodically from rebalancing, asset sales and other transitions, said Vicki Hearing, public information officer. The liquidity funds are invested in Russell 3000, MSCI World ex-US and Lehman Brothers Government/Credit fixed-income index funds.
