Washington State Investment Board, Olympia, committed up to $1.35 billion to six private equity funds, said board spokeswoman Liz Mendizabal.
The $103.6 billion board at its Thursday meeting approved committing up to $600 million to Oaktree Capital Management — up to $400 million to Oaktree Opportunities Fund Xb, and up to $200 million in Oaktree Opportunities Fund X, distressed debt funds.
The board also approved committing up to $300 million to TPG Growth III, a buyout fund.
The board also committed up to $150 million each to Insight Venture Partners IX and Insight Venture Partners Growth-Buyout Co-Investment Fund. The funds will target minority and control growth investments in software and Internet-focused companies.
A final commitment of up to $150 million was made to Francisco Partners IV, a buyout fund investing in technology companies.
