WS
LP profile
Washington State Investment Board
Pension fund · Founded 1939 · Olympia, United States
149
VC firms backed
$190B
AUM
~$15B
Allocated to VC (est. 8%)
01 · Background
Who Washington State Investment Board is.
- 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.
02 · Fund commitments
The funds Washington State Investment Board backs.
Washington State Investment Board is a limited partner in 149 funds. 18 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Sequoia Capital
#2 Power Law
Accel
#4 Power Law
New Enterprise Associates
#8 Power Law
General Catalyst
#13 Power Law
Insight Partners
#23 Power Law
Battery Ventures
#54 Power Law
TCV
#67 Power Law
Menlo Ventures
#75 Power Law
BlackRock
#83 Power Law
TPG
#158 Power Law
Silver Lake Partners
#180 Power Law
Warburg Pincus
#233 Power Law
CDH Investments
#320 Power Law
Abraaj Group
Actis
Affinity Equity Partners
Alcuin Capital Partners
Apax Partners
Astorg
BC Partners
BGH Capital
Bridgepoint
Carlyle Cardinal Ireland - CCI
Centurium Capital
Charterhouse Capital Partners
Cinven
Doughty Hanson Technology Ventures
FountainVest Partners
Hellman & Friedman
Invesco
PAG
Prostar Capital
Southern Cross Group
03 · 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 — across the 94 of 149 with a fund history on record.
Emerging funds · 35
Established funds · 59
16
1
13
2
6
3
6
4
10
5-6
19
7-9
12
10-14
12
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other pension funds in the Power Law LP ranking, closest to Washington State Investment Board by combined power-law score — North America first, then the nearest worldwide.
🇺🇸
Lucent Technologies Master Pension Trust
$13B AUM
52 VC funds backed
🇺🇸
Bell Atlantic Master Trust
$8.0B AUM
55 VC funds backed
🇺🇸
MGB Erisa Master Trust
$3.8B AUM
46 VC funds backed
🇺🇸
Nevada Public Employees Retirement System
$53B AUM
61 VC funds backed
🇺🇸
LACERA
$73B AUM
131 VC funds backed
🇺🇸
Orange County Employees' Retirement System
$23B AUM
96 VC funds backed
🇺🇸
New York State Common Retirement Fund
$298B AUM
120 VC funds backed
🇺🇸
New Mexico State Investment Council
$35B AUM
135 VC funds backed