Wisconsin pledged $560 mln to PE in Q4

  • Why is this important: WI put $100 mln into funds from each of Lindsay Goldberg, TSG and Warburg Pincus
  • AUM: $110 bln
  • PE market value: 8.9 pct
  • Whom to contact: Vicki Hearing, communication manager, Vicki.hearing@swib.state.wi.us

Wisconsin’s state pension system committed $562 million to various private equity funds in Q4, materials from its March meeting show.

State of Wisconsin Investment Board representative told Buyouts the board does not approve private-market commitments but receives updates every quarter.

Fourth-quarter commitments include:

  • $100 million to Lindsay Goldberg V, targeting $4 billion. Lindsay Goldberg invests in middle-market companies in healthcare, industrial, services and consumer industries in North America and Western Europe, Buyouts reported;
  • $31.5 million to ParkerGale’s second fund geared toward middle-market tech companies, which closed in November at a hard cap of $375 million;
  • €45 million ($50.9 million) to Triton’s fifth fund, its largest pool, which focuses on industrials, business services and consumer health sectors. Triton was preparing to close the fund around 5 billion euros ($5.69 billion), Buyouts reported in December;
  • $100 million to the branded consumer products shop TSG’s eighth fund, targeting $3.5 billion;
  • $75 million to Updata Partners’ sixth fund, targeting $300 million;
  • $100 million to Warburg Pincus Global Growth LP, targeting $13.75 billion;
  • $75 million to Harvest Partners’ Fund VIII, targeting $3.25 billion, according to the Wall Street Journal;
  • $29.6 million in two unnamed consumer co-investments.

The system also made a $300 million commitment to Blackstone Real Estate Partners IX, targeting $20 billion.

SWIB’s PE portfolio had a market value of $8.9 billion as of Dec. 31, 2018, per meeting documents.