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

Fund Focus: Don’t Call K1T Capital A ‘Trend Follower’

Jul 10 2014 | 10:39am ET

You may call K1T Capital many things—systematic, quant-based, hedge fund—but...

Lifestyle

RenTech Founder Donation Establishes Quantitative Biology Institute

Jul 8 2014 | 5:19am ET

James Simons used math to make his fortune, and he’s dedicating some of it to...

Guest Contributor

As Hedge Funds Go Retail, Communications Is Key

Jul 2 2014 | 6:56am ET

The past two years have seen an explosion in the number of hedge fund managers rolling...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Service Providers


Publisher's Note