State of Wisconsin Investment Board, Madison, disclosed private equity commitments during the third quarter totaling $238 million, according to materials for its meeting this week.
The board, which oversees $123 billion in assets including the $111.5 billion Wisconsin Retirement System, committed $85 million to Flexpoint Fund IV, a private equity fund that invests in middle-market health-care and financial services companies managed by Flexpoint Ford; $75 million to Charlesbank Credit Opportunities Fund II, a mezzanine debt fund managed by Charlesbank Capital Partners; $50 million to middle-market private equity fund Varsity Healthcare Partners III; and $28 million to buyout fund KLH Capital Fund IV.
As of Sept. 30, the actual allocation to private equity/debt was 9.4%.