State of Wisconsin Investment Board, Madison, invested or committed a total of $940 million in hedge funds, real estate and private equity in the three months ended Sept. 30, according to a staff-created report for its Dec. 13-14 board meeting.
In hedge funds, SWIB, which oversees a total of $102 billon, including the Wisconsin Retirement System's $94.2 billion in assets, invested $250 million with Graham Capital Management, $150 million with Highbridge Capital Management, $95 million with Two Sigma Investments and $10 million with Dorsal Capital Management. The hedge fund names were not available.
In real estate, SWIB committed $150 million to T-C U.S. Super Regional Mall Fund, managed by TIAA Global Asset Management.
In private equity, SWIB committed $60 million to Arbor Investments IV and $40 million to Arbor Debt Opportunities Fund I, both managed by Arbor Private Investment; $52 million to Livingbridge 6; $50 million each to FountainVest China Capital Partners Fund III managed by FountainVest Partners, and Kohlberg Investors VIII, managed by Kohlberg & Co.; and $33 million to Montefiore Investment IV.
Cliffwater, SWIB's hedge fund consultant, assisted in the hedge fund searches; Courtland Partners, real estate consultant, assisted in the real estate search; and StepStone Group, SWIB's private equity consultant, assisted in the private equity searches.
Chris Preisler, SWIB spokesman, couldn't be reached for comment.
