State of Wisconsin Investment Board, Madison, committed or invested a total of $802 million in hedge funds, private equity, real estate and other asset classes during the second quarter, according to a staff report for its board meeting this week.
In private equity, SWIB, which oversees a total of $110.1 billion, including the Wisconsin Retirement System's $102.1 billion in assets, committed $114 million to CVC Capital Partners VII, a buyout fund; $100 million to Glendon Opportunities Fund II, a distressed debt fund managed by Glendon Capital Management; $51 million to Chequers Capital XVII, a European-focused buyout fund; $50 million to Ridgemont Equity Partners Energy Opportunity Fund, a private equity energy fund; $37 million to Platte River Equity IV, a middle-market private equity fund; and $25 million to Merit Capital Partners VI, a middle-market private equity fund. The board also made two industrials co-investments of $20 million and $10 million, respectively. Further information on the co-investments, including the managers, was not provided.
In real estate, SWIB committed $75 million to Heitman Core Real Estate Debt Income Trust. In the board's "funds alpha" asset class, which includes hedge funds, the board invested $150 million with BlueMountain Capital Management, $95 million with Pacific Investment Management Co., $50 million with Marshall Wace and $25 million with Two Sigma Investments. Further information on fund names and strategies were not provided.
Spokeswoman Vicki Hearing could not immediately be reached for additional information.
