Washington State Investment Board, Olympia, disclosed new and follow-on commitments totaling up to $2 billion at its board meeting Thursday, spokeswoman Tish Day said in an email.
The board, which oversees $147.4 billion in assets including $114.3 billion in defined benefit plan assets, disclosed a follow-on commitment of $750 million to real estate fund Crane Capital.
WSIB originally committed up to $650 million to Crane Capital in February 2019.
As of Dec. 31, the actual allocation to real estate was 18.3%.
Within its tangible assets asset class, WSIB disclosed a commitment of up to $700 million in Stonepeak Infrastructure Partners IV and also an additional $250 million to Stonepeak Evergreen Investment Partners, a sidecar vehicle that will be used for co-investments, both managed by Stonepeak Infrastructure Partners.
The board previously committed up to $600 million to Stonepeak Infrastructure Partners III in 2017.
As of Dec. 31, the actual allocation to tangible assets was 5.2%.
In private equity, WSIB disclosed a commitment of up to $300 million to buyout fund Francisco Partners VI.
As of Dec. 31, the actual allocation to private equity was 21.4%.
All were staff-delegated investments and are subject to continuing due diligence and contract negotiations.
