Washington On P.E. Funding Frenzy

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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of