Washington Allocates Over $1B To Four Private Equity Managers

Mar 24 2006 | 12:00am ET

The $66.9 billion Washington State Investment Board has hired four private equity managers to handle a total of $1.375 billion. 

Liz Mendizabal, spokeswoman, said the plan will invest up to $250 million in Fortress Investment Fund IV, $200 million in Blackstone Capital Partners V, $750 million in TPG Partners V and $175 million in Madison Dearborn Capital Partners V. Fortress’ fund makes control-oriented investments in asset-based businesses, and the investment is the board’s fourth with the group. Blackstone’s fund is a buyout fund and it is the board’s first investment with the firm. TGP’s fund is a mega buyout fund and it is the third TGP fund the board has invested with. Finally, Madison Dearborn’s fund is a buyout fund focused on large corporate restructuring, and it is the third Madison Dearborn fund in which the board has invested. 


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note