Washington State Investment Board, Olympia, made private equity, real estate and tangible asset commitments worth up to $1.7 billion at a meeting Thursday, confirmed Liz Mendizabal, spokeswoman for the $78 billion board.
In private equity, the board committed up to $300 million to Charterhouse Capital Partners IX; up to $215 million to Triton Fund III; and up to $50 million in the FountainVest China Growth Capital Fund. For real estate, the board approved a $500 million investment in Evergreen Real Estate Partners and a $400 million investment in Hometown America Holdings. The board also approved a $250 million commitment to Tangible Assets Co-Investment LLC, an in-house fund.
Separately, the board approved a new slate of consultants for its consulting pool. Existing contracts were set to expire Dec. 31. The firms will be used as needed.
The new slate is Callan Associates, Ennis Knupp, Mercer, Pension Consulting Alliance and R.V. Kuhns for general consulting; Cutter Associates, Holland Park Risk Management and Mercer for risk management consulting; and Albourne America, Aksia, Ennis Knupp, Mercer and PCA for alternatives consulting.
The current pool is Callan Associates, PCA and R.V. Kuhns for general investment consulting; and Aon, Cortex Applied Research and Independent Fiduciary Services for specialty services.
The board wanted to refresh the pool and did the search to add more firms, Ms. Mendizabal said.