State of Wisconsin Investment Board, Madison, disclosed new private equity and real estate commitments totaling $538 million during the first and second quarters, according to recently released investment committee meeting materials.
The board, which oversees a total of $117 billion in assets, including the $100.3 billion Wisconsin Retirement System, committed €75 million ($88 million) to Bridgepoint Europe VI, a European middle-market buyout fund; $75 million each to American Securities Partners VIII, a U.S. middle-market buyout fund, and The Resolute Fund IV, a buyout fund managed by The Jordan Co.; and $50 million each to Lake Pacific Fund II, a buyout fund targeting U.S. small- and middle-market companies managed by Lake Pacific Partners, and Sentinel Capital Partners VI, a U.S. middle-market buyout fund.
As of March 31, SWIB's actual allocation to private equity/debt was 8.5%.
In real estate, the board committed $100 million each to value-added real estate funds Beacon Capital Strategic Partners 8, managed by Beacon Capital Partners, and CASA Partners VIII.
As of March 31. SWIB's actual allocation to real estate equity was 6.6%.