SWIB approves $75m commitment

The US public pension has backed Charlesbank Capital Partners' second private debt fund.

Institution: State of Wisconsin Investment Board
Headquarters: Madison, United States
AUM: $113.86bn
Allocation to alternatives: 15.0%
Bitesize: $50-100m

State of Wisconsin Investment Board has agreed to commit $75 million to Charlesbank Credit Opportunities Fund II, according to the pension’s latest monthly report.

The $113.80 billion US public pension has an 8.50 percent target and actual allocation to private equity and debt, which SWIB groups together as an asset class within its investment portfolio.

As illustrated below, SWIB has made six commitments to private debt funds with a 2018 or 2019 vintage, which combined constitute $500 million.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.