State of Wisconsin Investment Board, Madison, disclosed $749 million in commitments completed during the second quarter in a report included with materials for its Sept. 10-11 board meeting.
The board, which oversees a total of $160.2 billion in state assets including the $126.4 billion Wisconsin Retirement System core trust fund, committed $150 million to Trident X U.S. Fund, a buyout fund managed by Stone Point Capital; $125 million to FP Credit Partners III, a direct lending fund managed by Francisco Partners; £50 million ($66 million) to Inflexion Enterprise Fund VI, a U.K.-focused middle-market buyout fund managed by Inflexion Private Equity Partners; €50 million ($55 million) to Blackfin Financial Services Fund IV, pan-European small-cap private equity fund managed by BlackFin Capital Partners; €50 million ($55 million) to Mittelstandspartner III-A, a buyout fund managed by LEA Partners; $50 million and $15 million, respectively, to buyout funds Shamrock Capital Growth Fund VI and Shamrock Capital Clover Fund I, both managed by Shamrock Capital Advisors.
The board also completed five undisclosed private equity co-investments: $58 million to financials co-investment, $40 million to media/telecom co-investment, $20 million to media/telecom co-investment, $13 million to industrials co-investment and $12 million to industrials co-investment.
As of June 30, the core trust fund’s actual allocation to private equity/debt was 19.7%.
Within real estate, the board committed $55 million to High Street Real Estate Fund VIII, a value-added real estate fund managed by High Street Equity Advisors, and $35 million to Penwood Select Industrial Partners VII Co-Invest, a co-investment alongside Penwood Select Industrial Partners VII, a real estate value added fund managed by Penwood Real Estate Investment Management. SWIB had committed $100 million to Penwood Select Industrial Partners VII in 2023.
As of June 30, the CTF’s actual allocation to real estate was 9.3%.
