SWIB approves $325m in commitments

The US public pension has backed three private debt funds.

Institution: State of Wisconsin Investment Board
Headquarters: Madison, United States
AUM: $126.35 billion
Allocation to alternatives: 17.1%

State of Wisconsin Investment Board has confirmed $325 million-worth of private debt commitments to three vehicles, published in the pension’s Q2 2020 report.

The commitments include $200 million to GSO Capital Opportunities Fund IV, $75 million to Merit Capital Fund VII and $50 million to TSSP Specialty Lending Europe II.

The $126.35 billion US public pension has a 9.6 percent allocation to private debt and equity, which are grouped together as a single asset class within the pension’s portfolio.

As illustrated below, the pension fund’s recent commitments are to funds focused on the corporate and real estate sectors within the Asia-Pacific, North America and Europe regions.

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