WSIB approves $700m commitment

The US public pension has backed a North America focused fund.

Institution: Washington State Investment Board
Headquarters: Olympia, United States
AUM: $147.42bn
Allocation to alternatives: 35.17%
Bitesize: $100-$200m

Washington State Investment Board announced a commitment up to $700 million, plus fees and expenses, to Stonepeak Infrastructure Fund IV, a contact at the pension informed Infrastructure Investor.

The US public pension has a 35.17 percent allocation to alternative investments that currently stands at 4.03 percent for infrastructure investments.

The LP has made five commitments to funds with a 2019 or 2020 vintage, which combined constitute $1.38 billion.

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