Washington State Investment Board, Olympia, disclosed alternatives commitments totaling up to $650 million, said spokeswoman Tish Day.
The board, which oversees $188.5 billion in assets, including $155.4 billion in its commingled trust fund of defined benefit plan assets, received notification at its Nov. 16 meeting of a staff-delegated commitment of up to $150 million to Lime Rock Resources VI, an oil and gas fund.
It is WSIB's third commitment to a Lime Rock Resources fund, having previously committed $100 million to Lime Rock Resources V in 2019 and $100 million to Lime Rock Resources III in 2013.
As of June 30, the commingled trust fund's actual allocation to tangible assets was 7.1%.
Also at the Nov. 16 meeting, the board approved a commitment of $100 million to Fisher Lynch Co-Investment Partnership V, a closed-end private equity co-investment fund managed by Fisher Lynch Capital that will invest alongside Evergreen Park Investment Fund, a co-investment private equity fund also managed by Fisher Lynch.
Washington State Investment Board is the sole limited partner of the Evergreen Park fund and has committed a total of $3 billion to that fund.
As of June 30, the board's actual allocation to private equity was 29.4%.
Finally, staff also informed the board at the Nov. 16 meeting of a delegated follow-on commitment of $400 million to Partners Enterprise Capital Holdings, a real estate manager. WSIB previously committed a total of $5.75 billion in 11 separate increments to the manager since 1999.
As of June 30, the actual allocation to real estate was 21.5%.
