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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...