Washington State taps GTCR

The Washington State Investment Board has tentatively approved a $200 million investment in GTCR’s latest fund.

The allocation was recommended by Albourne America and is to the GTCR Strategic Growth Fund, a private equity fund with a target size of $1.5 billion.

The proposed investment received investment committee approval and will be taken up to the full board on Nov. 18. The investment falls under the $148 billion pension fund’s private equity portfolio’s annual plan. As of mid-year, the asset class was roughly 25% of the overall portfolio with the . . .

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