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Washington State Investment Board

Pension fund · Founded 1939 · Olympia, United States

$190B assets under management8% to venture · ~$15B

Washington State Investment Board manages state retirement and public funds

149 funds backed Pension fund · $190B AUM · 8% to VC · LP rank #48 · 0 direct holdings
Funds backed 149
Power Law funds backed 18
Direct holdings 0
Background

Who Washington State Investment Board is.

Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.

Historical Background

  • The Washington State Investment Board (WSIB) was established in 1981 by the Washington State Legislature to oversee the investments of the state's public retirement funds.
  • It operates as an independent state agency, entrusted with the fiduciary responsibility to manage and invest the assets of various public trust and retirement funds.

Source of Capital

  • The WSIB's capital is primarily sourced from contributions to 17 different retirement plans serving a wide range of public servants, including teachers, law enforcement officers, firefighters, and judges.
  • In addition to retirement funds, the board manages assets for 18 other public funds that support industrial insurance, higher education institutions, and developmental disability programs.

Allocation Strategy

  • The WSIB employs a diversified investment strategy across multiple asset classes, including a significant allocation to private equity, real estate, and other tangible assets.
  • The board's stated investment objective is to maximize financial returns while adhering to a prudent level of risk, as defined by its established policies.
  • As a long-term investor, the WSIB's strategy is designed to meet the future obligations of the state's retirement and public trust funds.
Allocation

How Washington State Investment Board’s fund book is spread.

The 149 funds Washington State Investment Board backs, by where the manager is headquartered and how many funds that manager has raised.

Where those managers are based

By fund headquarters, across the 148 of 149 with a location on record.

  • North America 11578%
  • Europe 2416%
  • Rest of world 96%

United States 115 · United Kingdom 16 · Hong Kong 3 · Australia 2

How established those managers are

Managers grouped by how many funds they have raised. 35 emerging (three funds or fewer), 59 established — across the 94 of 149 with a fund history on record.

16 1
13 2
6 3
6 4
10 5-6
19 7-9
12 10-14
12 15+
Funds raised by the manager
Emerging · up to 3 funds Established · 4 or more
Figures on this page are sourced live from the Dealroom next-gen API, joined with Dealroom’s cap-table dataset (estimated holdings) and the Power Law Investor Ranking. News in “Featured in” is drawn from Dealroom’s own coverage — the stories that name this investor, not only those it is the subject of. Market sentiment is omitted until the API exposes it.