State of Wisconsin Investment Board, Madison, disclosed $808 million in private equity and real estate commitments completed in the third quarter in a report included with materials for its upcoming Dec. 15 board meeting.
Within private equity, the board, which manages $147.2 billion in assets including the $115.7 billion Wisconsin Retirement System, committed $200 million to Brandon Lane Partners (Series C), a secondary private equity fund managed by Morgan Stanley Alternative Investment Partners; $125 million to The Resolute Fund VI, a middle-market buyout fund managed by The Jordan Co.; $100 million to buyout fund PSG VI; $65 million to Clairvest Equity Partners VII, a buyout fund managed by Clairvest Group; £50 million ($63 million) to Alchemy Special Opportunities Fund V, a distressed debt fund managed by Alchemy Partners; $28 million to venture capital fund Telescope Partners III; and €25 million ($27 million) to European buyout fund VIA Equity V.
As of Sept. 30, the WRS core trust fund's actual allocation to private equity/debt was 19.9%.
Within real estate, the board committed $100 million to Berkshire Bridge Loan Investors-MF1 III, a real estate debt fund managed by Berkshire Residential Investments; and $50 million each to opportunistic real estate fund SRP Data Center Fund I and its co-investment fund Stream Data Center Fund I Co-Invest, both managed by Stream Realty Partners.
As of Sept. 30, the WRS core trust fund's actual allocation to real estate was 10.4%.
