Washington State’s public pension fund signed off this month on another round of private equity commitments, and some of the firms involved hold stakes in companies tied to lawsuits and privacy fights. That mix of retirement money and controversy is once again raising questions in Seattle about how far the state should go into the riskier corners of Wall Street.
Board packet shows April recommendations
At its April 16 meeting, the Washington State Investment Board staff presented a slate of private markets recommendations to the full board, including proposed commitments to Charterhouse Capital Partners XII, Spark Capital vehicles and Monarch Capital’s Innovation portfolio, according to board documents. The packet details staff analysis, sector exposure and private equity context the board weighed before voting, and notes that the items came forward after review by the Private Markets Committee, as outlined in WSIB.
Which funds, and why it matters
Reporting by The Seattle Times says staff recommended roughly €150 million, plus fees, to Charterhouse, as much…..