State of Wisconsin Investment Board, Madison, disclosed commitments and investments during the second quarter totaling $2.4 billion, according to materials for its board meeting scheduled for Tuesday and Wednesday.
The board, which manages $157.9 billion in assets, including the $140.2 billion Wisconsin Retirement System, made a direct hedge fund investment of $800 million in Marshall Wace TOPS Fund, a long/short equity hedge fund.
As of June 30, the actual allocation to public equities was 51.7%.
Within its private equity/debt asset class, the board committed $200 million each to Ashbridge Transformational Secondaries Fund II, a secondary private equity fund managed by Morgan Stanley Alternative Investment Partners, and Trident IX, a buyout fund managed by Stone Point Capital; $150 million to SPC Wilson Point, a buyout fund also managed by Stone Point Capital; $100 million each to buyout funds Providence Strategic Growth V and PSG Encore Warehouse III, both managed by Providence Strategic Growth; and $60 million to buyout fund SkyKnight Capital Fund III.
Also within private equity/debt, the board committed $50 million to growth equity fund Aldrich Capital Partners II; Anthos Capital V, a venture capital fund managed by Anthos Management; Flexpoint Asset Opportunity Fund II, a private equity fund managed by Flexpoint Ford; FP Credit Partners II, an opportunistic credit fund managed by Francisco Partners, and venture capital fund Recognize Partners I; $40 million to growth equity fund Prairie Capital VII; and $35 million to buyout fund New State Capital Partners Fund III.
The board also added $20 million to its commitment to buyout fund Percheron Capital Fund I, bringing the total of the commitment to $55 million. The board originally approved a $35 million commitment in the first quarter.
As of June 30, the actual allocation to private equity/debt was 11.3%.
In real estate, the board committed $300 million to Wilson DWS Senior Finance, a real estate fund managed by DWS Group; and $100 million each to distressed real estate fund Barings Distressed Hotel Opportunity Venture, and value-added real estate fund CASA Partners IX.
As of June 30, the actual allocation to real estate was 6.5%.
