State of Wisconsin Investment Board, Madison, committed or invested a total $1.43 billion in private equity, real estate and other asset classes, including $721 million to PGIM for emerging markets debt, said board materials.
SWIB, which oversees a total $102 billon including the Wisconsin Retirement System's $94.2 billion in assets, allocated $100 million to Dorsal Capital Partners, a hedge fund managed by Dorsal Capital Management.
In private equity, it committed $100 million to GSO Capital Opportunities Fund III, a private equity fund managed by GSO Capital Partners; $70 million to Centerbridge Special Credit Partners III-Flex LP and $30 million to Centerbridge Special Credit Partners III, both managed by Centerbridge Partners; $50 million each to Providence Strategic Growth II, managed by Providence Equity Partners, and Vista Foundation Fund III; managed by Vista Equity Partners Management; and $25 million to Inflexion Enterprise Fund IV, managed by Inflexion Private Equity Partners.
In real estate, it committed $150 million to a student housing fund managed by Blue Vista Capital, and $130 million to O'Connor Capital Partners.
StepStone Group assisted in the private equity searches, said Vicki Hearing, SWIB communications manager. Courtland Partners assisted in the real estate searches.