Washington state forms new relationships with Wellspring, New Mountain

Washington State Investment Board, private equity, pension fund, Wellspring Capital Management, New Mountain Partners
The Space Needle is seen as snow flurry clouds surround downtown Seattle January 17, 2012. Residents of the Puget Sound region are bracing themselves for a major snowstorm overnight that is expected to deliver the highest snowfall in 25 years. Photo courtesy of REUTERS/Anthony Bolante - RTR2WFPP
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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