The Washington State Investment Board has approved two new investments at trustees' December meeting.
Luminate Capital Partners III will receive up to $150 million and is a new relationship for the pension system’s private equity portfolio. The fund is managed by Luminate Capital Partners in San Francisco and invests in the North America-based software sector with a target fundraise of $700 million.
Consistent with the board’s approved 2020 private equity annual plan and model portfolio, the board’s independent consultant Hamilton Lane.
Overall the board oversees a $152 billion portfolio . . .
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