State of Wisconsin Investment Board, Madison, disclosed private equity commitments during the third quarter totaling $514 million, according to materials for its board meeting Tuesday and Wednesday.
The board, which manages $132.1 billion in assets, including the $109.7 billion Wisconsin Retirement System, committed $100 million to Resolute Fund V, a buyout fund managed by The Jordan Co., and made a follow-on commitment of $100 million to TSSP Adjacent Opportunities Partners, an evergreen opportunistic multiasset class alternative investment fund. SWIB originally committed $75 million to the latter fund in 2018.
The board also committed $83 million to Clearlake Flagship Plus Partners, a fund that invests alongside manager Clearlake Capital Group's private equity and credit opportunities strategies, as well as investments on its own in other tactical or special situations opportunities.
Also, the board committed €50 million ($61 million) to DPE Deutschland IV Fund, a European private equity fund managed by DPE Deutsche Private Equity seeking investment opportunities in Germany, Austria and Switzerland; $50 million each to mezzanine fund Harvest Partners Structured Capital Fund III and buyout fund Yellow Wood Capital Partners III, managed by Yellow Wood Partners; and $35 million each to health care-focused private equity fund Council Capital IV and lower middle-market buyout fund Seaside Equity Partners I.
As of Sept. 30, the actual allocation to private equity/debt was 9.7%.
