State of Wisconsin Investment Board, Madison, disclosed $778 million in private equity commitments completed in the fourth quarter in a report included with materials for its board meeting on Wednesday.
The board, which manages $143.3 billion in assets including the $114.5 billion Wisconsin Retirement System, committed $150 million to Kohlberg Investors X, a middle-market buyout fund managed by Kohlberg & Co.; $75 million each to Charlesbank Credit Opportunities Fund III, a mezzanine debt fund managed by Charlesbank Capital Partners, and buyout fund Percheron Capital Fund II; $68 million to growth equity fund Align Capital Partners Fund III; $65 million to middle-market buyout fund Seaside Equity Partners Fund II; $60 million to Warwick Partners V, an energy buyout fund managed by Warwick Investment Group; $50 million each to middle-market buyout fund American Pacific Group II and buyout fund KLH Capital Fund V; and $35 million to NGP ETP IV, a natural resources fund managed by NGP Energy Capital Management.
The board also disclosed a follow-on commitment of $150 million to SPC Wilson Point, a buyout fund managed by Stone Point Capital. SWIB previously committed $150 million to the SPC fund in 2021.
As of Dec. 31, the actual allocation to private equity/debt was 18.2%; the target is 15%.
