Washington State Investment Board, Olympia, made a total of up to $1.35 billion in commitments to private equity and real estate funds.
The board, which oversees $78.6 billion, on Thursday committed up to $750 million to Warburg Pincus Private Equity XI, confirmed spokeswoman Liz Mendizabal in a telephone interview. She said the board previously committed $1.3 billion to six other Warburg Pincus funds since 1994.
The system also committed up to $200 million to Denham Commodity Partners VI, its first commitment to the private equity manager.
Also, the board made a follow-on commitment of $400 million to its internally managed real estate fund, Emerging Markets Fund of Funds II. The previous commitment was $525 million in 2007.