Searches and Hires

Wisconsin Investment Board commits $833 million to real estate, private equity

State of Wisconsin Investment Board, Madison, disclosed real estate and private equity commitments totaling $833 million during the fourth quarter, according to materials for its meeting this week.

The board, which oversees $110.3 billion in assets, including the $93.6 billion Wisconsin Retirement System, committed $300 million to Blackstone Real Estate Partners IX, an opportunistic real estate fund managed by Blackstone Group.

As of Dec. 31, the actual allocation to real estate was 8%.

In private equity, the board committed $100 million each to middle-market private equity fund Lindsay Goldberg V; TSG 8, a growth equity fund managed by TSG Consumer Partners; and Warburg Pincus Global Growth, a private equity fund that targets sustainable value companies.

The board also committed $75 million each to Harvest Partners VIII, a private equity fund that will invest in North American middle-market management buyouts and recapitalizations, and Updata Partners VI, a growth equity fund; €45 million ($51 million) to Triton Fund V, a European buyout fund managed by Triton Partners; and $32 million to ParkerGale Capital II, a buyout fund that invests primarily in technology companies.

As of Dec. 31, the actual allocation to private equity/debt was 10%.