Insight

WSIB approves $150m commitment

The US public pension has backed a buyout vehicle focused on the TMT sector.

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Institution: Washington State Investment Board
Headquarters: Olympia, US
AUM: $117.8 billion
Allocation to alternatives: 40.09%

Washington State Investment Board approved a $150 million commitment to Luminate Capital Partners III at its December 2020 retirement board meeting, as reported by sister publication Private Equity International.

This commitment represents a new relationship with Luminate Capital Partners. The $117.8 billion US public pension has a 23 percent target allocation to private equity that currently stands at 22.39 percent.

As illustrated below, WSIB’s recent private equity commitments have targeted buyout and venture capital vehicles primarily within the TMT sector.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.