Washington State Investment Board, Olympia, made private equity and real estate commitments totaling up to $1.1 billion, confirmed spokeswoman Liz Mendizabel.
The $58.8 billion board committed $250 million to real estate fund Aevitas Property Partners, a new relationship; and up to $200 million to TPG Opportunities Partners II, a private equity fund. Ms. Mendizabel said the board has had a relationship with TPG since 2000.
Also, the board committed up to $150 million to FountainVest China Growth Capital Fund II. The board previously committed $50 million to FountainVest China Growth Capital Fund I in 2008.
The board also made an additional commitment of $500 million to real estate fund Principal Enterprise Capital Holdings. Previous commitments since 1999 totaled $1.8 billion, according to Ms. Mendizabel.