Tuesday, 24 May 2016
Last updated 19 hours ago
Jun 14 2007 | 1:03pm ET
The Washington State Investment Board last month committed a total of $450 million to two private equity funds. Fortress Fund V will get $300 million and MatlinPatterson Global Opportunities Partners III $150 million.
The mandates brings the $60.8 billion system‘s total allocation to p.e. to an estimated $1.3 billion year to date, and the system shows no signs of slowing down. Last week, it recommended an unspecified amount to two more p.e. funds: Asia Opportunity Fund III and Endeavour Capital Fund V, on top of contract extensions to INVESCO Private Equity and Pathway Capital Management.
Calls made to the investment board seeking comments were not returned before press time.