Name: State of Wisconsin Investment Board
HQ: Madison, US
AUM: $136.3 billion
Allocation to alternatives: 20.5%
State of Wisconsin Investment Board (SWIB) has backed four real estate funds, with $26 million to Realterm Airport Logistics Properties, $300 million to Blackstone Real Estate Partners X, $50 million to Gateway Real Estate Fund VII and €50 million to AG Asia Realty Fund V, according to the board material.
The SWIB is a state agency responsible for investing the assets of the Wisconsin Retirement System and the State Investment Fund.
The US pension fund has allocated 7 percent to real estate, which comprises $9.5 billion in capital. This matches its target allocation of 7 percent. Its recent fund commitments strategy has been predominantly focused on North American and Asia-Pacific with opportunistic and core-plus vehicles.
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