Washington State Investment Board, Olympia, committed up to $220 million to Centerbridge Special Credit Partners V.
The board, which manages $211.5 billion in state assets including a $171.3 billion commingled trust fund of defined benefit plan assets, disclosed the staff-delegated commitment to the distressed debt fund managed by Centerbridge Partners at its Feb. 20 meeting, spokeswoman Tish Day said.
WSIB previously committed up to $210 million to Centerbridge Special Credit Partners IV in 2022.
The commitment is being allocated to the board’s innovation portfolio, which had an actual allocation of 2.1% within the commingled trust fund.
