Washington to invest in two distinct TPG funds

The $155 billion Washington State Investment Board approved two key new private equity allocations to TPG totaling $370 million this past week.

Both investments were recommended by Albourne America and represent further growth of the private equity portfolio in accordance with the approved 2022 private equity annual investment plan, officials said. The investment system has a 22-year investment history with TPG.

The Rise Fund III, a global impact fund, is slated to receive $250 million. The fund will pursue growth equity, growth buyout and venture capital investments in growth‐stage businesses in multiple industry . . .

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