SWIB approves $50m commitment

The US public pension has backed a North American private debt fund.

Institution: State of Wisconsin Investment Board
Headquarters: Madison, United States
AUM: $128.0bn
Allocation to alternatives: 14.90%
Bitesize: $50-100m

State of Wisconsin Investment Board has agreed to commit $50 million to Shamrock Capital Content Fund II, according to the pension’s Q4 2019 investment report.

The $128.0 billion US public pension has an 8.50 percent actual and target allocation to private debt and equity, which are grouped together as a single asset class within the pension’s portfolio.

As illustrated below, SWIB has made seven commitments to private debt funds with a 2018 or 2019 vintage, which combined constitute $550 million.

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