Washington to decide on alts commitments

Washington State Investment Board at its Feb. 21 meeting will consider approving a $750 million commitment to the TPG Partners VI fund and a commitment of up to €100 million (US$145.9 million) to Advent International GPE VI, both private equity funds, along with a follow-on investment of up to $250 million in the Morgan Stanley Real Estate Special Situations III fund, said spokesman Liz Mendizabal. The private markets committee of the $85.4 billion board is recommending the commitments. The board invested $150 million in the Morgan Stanley fund in 2006 and $200 million in 2007, Ms. Mendizabal said.