Washington State Investment Board, Olympia, disclosed a commitment of up to $600 million to KKR North America Fund XIV.
The board, which oversees $213.3 billion in assets, including $172.5 billion in its commingled trust fund of defined benefit plan assets, disclosed the staff-delegated commitment to the North America buyout fund managed by KKR & Co., in an investment advisory notice provided by a spokesperson.
WSIB has previously invested a total of $11.9 billion in 27 KKR-sponsored funds since 1983, most recently committing up to $750 million to KKR North America Fund XIII in 2021.
As of Sept. 30, the CTF’s actual allocation to private equity was 28.3%.
