State of Wisconsin Investment Board, Madison, disclosed private equity and real estate commitments and investments totaling $1.2 billion during the first quarter, according to materials for its meeting this week.
The board, which oversees $118.5 billion in assets, including the $100.2 billion Wisconsin Retirement System, committed $250 million to Blackstone Capital Partners VIII, a buyout fund managed by Blackstone Group. SWIB's previous Blackstone commitment was $300 million to Blackstone Real Estate Partners IX in the fourth quarter.
SWIB also made follow-on commitments of $150 million to buyout fund Providence Equity Partners VIII and $100 million to middle-market private equity fund Lindsay Goldberg V. The board originally made commitments of $100 million each to the Providence fund in 2017 and the Lindsay Goldberg fund in the fourth quarter of 2018.
Other private equity commitments in the first quarter disclosed by the board were $50 million to GSO Energy Select Opportunities Fund II, a commodities fund managed by GSO Capital Partners; €45 million ($51 million) to Glide Fund VI, managed by Glide Buy Out Partners; $35 million to Brazilian middle-market buyout fund Vinci Capital Partners III. managed by Vinci Partners; and $30 million to Tower Arch Partners II, a middle-market private equity fund managed by Tower Arch Capital.
As of March 31, the actual allocation to private equity/debt was 9%.
In real estate, the board committed $100 million each to Realterm Logistics Income Fund and Senior Housing Partnership Fund VI, managed by PGIM Real Estate; and $75 million to High Street Real Estate Fund VI, managed by High Street Realty Co.
The board also made direct real estate investments of $142 million in Wilson Harbor Beach, $85 million in Wilson 425 Park and $72 million in 135 Morrissey Holdings.
As of March 31, the actual allocation to real estate equity was 7%.