The Washington State Investment Board (WSIB) confirmed follow-on commitments totaling $1 billion to two fund managers at Thursday’s board meeting, according to Chris Phillips, WSIB’s director of institutional relations.
The $120.1 billion US public pension invested $500 million each in its separate accounts with Aevitas Property Partners and Evergreen Real Estate Partners. The board has previously invested $1.25 billion in Aevitas in four commitments since 2012 and $4.7 billion in Evergreen since 2004.
WSIB has a 12.9% commitment to private real estate. Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.