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Wisconsin backs five funds managed by Warburg, others with $385m

20 Aug 2014

50dollarsThe $104bn-managing State of Wisconsin Investment Board has committed capital to seven private equity funds being raised by firms including Warburg Pincus and CapVest.

Warburg received a $100m commitment to its global energy fund, which is believed to be targeting at least $2.5bn, according to documents obtained by P&I.

That vehicle missed out on a $150m commitment from the Oregon Investment Council in May after the LP questioned its lack of a preferred return.

Lindsay Goldberg’s fourth fund has picked up a $75m commitment, which follows similar backing from the Teachers Retirement System of Louisiana in February, P&I said.

CapVest Equity Partners Fund III, Encap Flatrock Midstream Fund III and Patria Brazilian Private Equity Fund V all received $50m commitments, while Charlesbank Equity Fund VIII picked up $35m.

The LP also agreed to back New Capital Partners Private Equity Fund III with $25m.

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