Washington State Investment Board Commits $1.8B to Private Equity, Real Estate, Real Assets

The Washington State Investment Board (WSIB) has approved up to $1.8 billion in commitments, as disclosed in an email from the Board.

Private Equity

$300 million was committed to Apax XI, a private equity fund focused on the technology, services, healthcare, and internet/consumer sectors. €300 million was committed to pan-European buyout fund, The Eighth Cinven Fund. Lastly in private equity, $450 million was committed to TowerBrook Investors VI, which will pursue investments in middle-market companies.

Real Estate

A $400 million follow-on investment was made in Crane Capital, LLC. WSIB has previously committed $250 million to Crane in 2019, in addition to a $750 million commitment in March 2020.

Real Assets

$250 million was allocated to Arable Capital, LLC, managed by Arable Capital Partners. Arable focuses on investments in the food and agriculture business sectors.

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.