State of Wisconsin Investment Board, Madison, disclosed private equity and real estate commitments exceeding $1.2 billion during the second and third quarters, recently released investment committee meeting materials show.
In private equity, the board, which oversees $117 billion in assets, including the $100.3 billion Wisconsin Retirement System, committed $100 million each to Brandon Lane Partners Fund, a secondary private equity fund, and TPG Partners VIII, an upper-middle-market buyout fund; $75 million to TSSP Adjacent Opportunities Partners, a special situations/distressed debt fund managed by TPG; $55 million to Atlas Capital Resources III, a turnaround private equity fund managed by Atlas Holdings; £38 million ($50 million) to Inflexion Buyout Fund IV and £32 million to Inflexion Partnership Capital Fund II, both midmarket buyout funds managed by Inflexion Private Equity Partners; and $50 million each to buyout fund Cressey & Co. Fund VI, mezzanine fund Harvest Partners Structured Capital Fund II, energy private equity fund Quantum Energy Partners VII and TowerBrook Investors V, a buyout fund managed by TowerBrook Capital Partners.
Also in private equity, SWIB committed €40 million ($46 million) to buyout fund CapVest Equity Partners IV, managed by CapVest Partners; €35 million to German Equity Partners V, a German midmarket private equity fund managed by ECM Equity Capital Management; and $27.5 million to buyout fund Clearview Capital Fund IV and $25 million to Clearview Capital Mezzanine I.
As of Aug. 31, the actual allocation to private equity was 7.3%.
In real estate, SWIB committed $150 million to Heitman Storage Partners Co-Investment Fund, a core real estate fund providing co-investments in self-storage locations and $100 million each to CBRE GIP Medical Office Venture Fund, an open-end real estate fund managed by CBRE Global Investors, FPA Core Plus Fund IV, a core-plus multifamily real estate fund managed by FPA Multifamily and Torchlight Debt Opportunity Fund VI, a real estate debt fund managed by Torchlight Investors.
As of Aug. 31, the actual allocation to real estate was 6.8%.