Wilshire Private Markets, the private equity fund-of-funds business of Wilshire Associates, has raised $615 million for its eighth fund.
Wilshire Private Markets, the private equity fund-of-funds business of Wilshire Associates Incorporated, today announced that Wilshire Private Markets Fund VIII raised $615 million, exceeding its $600 million target. The capital raised for Wilshire Private Markets Fund VIII (“Fund VIII”) includes funds to be invested in similar strategies as Fund VIII and follows Wilshire Private
Markets Fund VII which closed at the end of 2006.
“Wilshire Private Markets is very pleased to exceed our target for this fund,” said Daniel Allen, senior managing director, Wilshire Associates, and member of the management committee of Wilshire Private Markets. “Many limited partners have been challenged in making commitments in private equity and we are pleased by the support of existing and new investors in our program. We believe this will prove to be an excellent vintage for new private equity investments.”
Institutional investors from the U.S., Europe and the Asia-Pacific region participated in this eighth global private equity fund from Wilshire Private Markets. Wilshire Private Markets expects to invest the commitments in buyouts, venture capital and distressed private equity through primary investments in limited partnerships, secondary transactions and co-investments opportunities.
“Our investment approach is to partner with leading private equity managers who can consistently exploit market inefficiencies and potentially generate outsized returns in the private equity market,” said Jeff Ennis, senior managing director, Wilshire Associates, chief investment officer of Wilshire Private Markets and a member its management committee. “Consistent with past practice, our investment team will conduct extensive research and due diligence to ensure our high standards are met before investing the future commitments from Fund VIII.”
About Wilshire Private Markets
With approximately $6 billion under management and nearly 45 professionals dedicated to private equity investment management operating from five offices worldwide, Wilshire Private Markets is a leading, discretionary manager of a wide range of private equity funds including commingled fund of funds and customized separate accounts. For more than 20 years, Wilshire Private Markets has assisted major pension funds, endowments, foundations, and financial institutions globally in building portfolios of buyout, venture capital and distressed investments that cover the full range of opportunities, including primaries, secondaries and coinvestments.
About Wilshire Associates
Wilshire Associates, a leading global, independent investment consulting and services firm, provides consulting services, analytics solutions and customized investment products to plan sponsors, investment managers and financial intermediaries. Its business units include, Wilshire Private Markets, Wilshire Analytics, Wilshire Consulting and Wilshire Funds Management.
The firm was founded in 1972, revolutionizing the industry by pioneering the application of investment analytics and research to investment management for the institutional marketplace. Wilshire also is credited with helping to develop the field of quantitative investment analysis that uses mathematical tools to analyze market risks. All other business units evolved from Wilshire’s strong analytics foundation.
Wilshire developed the Wilshire 5000 Total Market IndexSM, the first asset/liability models for pension funds, the first U.S. equity style metrics work and many other “firsts” as the firm grew to approximately 350 employees serving the investment needs of institutional and high net worth clients around the world.
Based in Santa Monica, California, Wilshire povides services to clients in more than 20 countries representing approximately 600 organizations. With ten offices on four continents, Wilshire Associates and its affiliates are dedicated to providing clients with the highest quality counsel, products and services. Wilshire is a registered service mark of Wilshire Associates Incorporated. Please visit www.wilshire.com for more information.