This week the $117 billion Washington State Investment Board’s private markets committee considered a recommendation to invest in Luminate Capital Partners III, which is part of fund series focused on software and software-enabled middle market businesses.
The amount under consideration has not been announced, but Luminate raised $425 million for its second fund in 2018.
In November, the private market committee reviewed PSG Europe, L.P. An affiliate of Providence Equity Partners, the Boston-based firm focuses on growth equity investments in lower middle market software and technology-enabled service companies.
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