Washington State Allocates $800M to Buyout Funds

The Washington State Investment Board (WSIB) approved $800M in commitments across three private equity middle-market buyout funds at its September 19 board meeting, bringing total commitments to alternatives in 2024 to over $2.8B, according to Dakota data. 

WSIB allocated $200M to both Luminate Capital Partners IV and Thoma Bravo Discover Fund V, in addition to a $400M allocation to Thoma Bravo Fund XVI. 

The latest commitment adds to the approximately $2B the Olympia-WA-based pension had invested in alternatives year to date in 2024. WSIB manages $205.25B across a total of 39 funds, with 28.4% allocated to private equity funds (roughly $47.6B), according to its June 2024 quarterly investment report. 

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