Institution: State of Wisconsin Investment Board
Headquarters: Madison, US
AUM: $159.65 billion
Allocation to Private Equity: 12.55%
At its latest meeting, the State of Wisconsin Investment Board (SWIB) announced several new private equity commitments.
Among these new commitments, SWIB allocated €100 million in total to European based private equity funds. €50 million to BlackFin Financial Services IV, a buyout fund specialising in financial services, and another €50 million to Mittelstandspartner III-A, which targets mid-sized company buyouts. Additionally, SWIB committed £50 million to Inflexion Enterprise Fund VI, a UK-based growth equity fund.
In the US, SWIB continued its existing relationship with Shamrock Capital by committing $50 million to Shamrock Capital Growth VI and $15 million to Shamrock Capital Clover I, both focused on growth equity. Furthermore, SWIB made a significant $150 million commitment to Trident X, a buyout fund with a diversified sector focus.
SWIB outlined its targets for private equity which are currently under review for future investment. It is aiming to allocate $130 million to growth equity funds and $75 million to buyout funds within the US, all associated with fund managers of which there is already an existing relationship. SWIB has a current allocation of 12.55 percent to private equity.
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