Washington State Investment Board pledges $1.9 billion to private equity, real estate

Washington State Investment Board, Olympia, committed almost $2 billion to six alternatives managers, said spokesman Chris Phillips in an e-mail.

The $104 billion board committed $307 million to Cinven VI, a European buyout fund, up to $250 million in Apax IX, a global buyout fund managed by Apax Partners, and up to $150 million to Menlo Ventures’ Menlo Special Opportunities Fund.

On the energy front, the board approved committing $125 million to Warwick Energy Group’s Warwick Partners III.

In real estate, the board approved a follow-on commitment of $500 million to Aevitas Property Partners, a real estate manager based in Amsterdam that invests in real estate on behalf of the board. This will be the third investment with Aevitas, following commitments of $250 million and $500 million in 2012 and 2014, respectively.

The board also approved a follow-on commitment of $600 million in another real estate manager, Evergreen Real Estate Partners. The board previously committed a total of $3.5 billion to Evergreen since 2004.