New allocation adds to WSIB’s already outsized allocation to these assets, which has helped cushion it amid equity market turbulence.
Tag: Washington State Investment Board
Allyson Tucker will replace Gary Bruebaker, who served as CIO since 2001.
The latest commitments are part of efforts by the system’s investment staff to maintain a large percentage of plan assets in private markets.
The new commitments are part of the plan to keep private market investments to around 40% of the fund.
The majority of the $700 million commitment deployed as part of a network of real estate organizations controlled by the pension plan.
Majority of commitments go to two private equity funds.