Washington state forms new relationships with Wellspring, New Mountain

Washington State Investment Board, private equity, pension fund, Wellspring Capital Management, New Mountain Partners
  • Washington committed $200 mln to each firm
  • Both funds focusing on mid-market deals
  • Washington's PE portfolio valued at $18.7 bln
Washington State Investment Board formalized new relationships with two private equity firms at its meeting last week. The board, which oversees the state’s $120.4 billion investment portfolio, approved commitments of $200 million each to flagship funds raised by Wellspring Capital ...

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