The Washington State Investment Board’s private markets committee approved two new allocations within the private markets portion of the portfolio late last week.
Trustees for the $128 billion fund will consider the new mandates at their April 15 board meeting within the private equity portfolio and within the tangible assets program.
The private markets committee approved up to $200 million to be allocated to PSG V, which is a $3.25 billion private equity fund managed by Providence Strategic Growth Partners. Consulting firm Albourne America is in agreement with the recommendation. The fund invests . . .
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