WSIB Commits $1.8B to Renewable Energy, Impact Investments
The Washington State Investment Board (WSIB) recently announced commitments to renewable energy strategies and impact investments totaling $1.8 billion.
A $300 million investment was made to Schroders Greencoat Woodmont Renewables, a separately managed account managed by Schroders Greencoat, as part of the $10.8 billion real assets program.
TowerBrook Delta ($100 million); KKR Global Impact Fund II ($250 million); Ara Fund III ($200 million); Centerbridge Capital Partners V ($400 million); TPG Growth VI ($400 million); and Tailwind Capital Partners IV ($250 million) have been added to WSIB’s $45 billion private equity portfolio.
TowerBrook Delta is TowerBrook Partners’ small, impact investment-focused growth buyout fund. The fund will make investments in education and human capital development, financial goods and services, food and agribusiness, healthcare, and environmental technologies and services.
KKR Global Impact Fund II is a KKR managed global middle-market buyout fund that largely invests in control-oriented equity in companies focused on climate action, lifelong learning, sustainable living, and inclusive growth.
Ara Fund III of Ara Advisers is a lower middle-market buyout fund managed by Ara Partners. The fund seeks control investments in manufacturing, chemicals and materials, energy efficiency and green fuels, and food and agriculture.
Centerbridge Capital Partners V is a multi-strategy private equity fund from Centerbridge Capital Partners. The fund will engage in value-oriented private equity and distressed-for-control opportunities in the financial services, healthcare, technology and industrial sectors.
TPG Growth VI is a growth buyout and growth equity fund that invests in healthcare, internet, digital media, and communications (IDMC), consumer, business services, and software and enterprise technology (SET).
Tailwind Capital Partners IV is managed by Tailwind Capital Group and makes control buyout investments in lower middle-market companies in the infrastructure, supply chain, and IT services sectors.
