Washington State Investment Board
PensionWashington · as of 2024
AUM
$185B
Held in U.S. securities
$59B
32% of AUM
Return target
7.0%
Asset allocation policy
Target weights set by the board in the plan's Investment Policy Statement.
| Asset class | Target | $ value |
|---|---|---|
| Public equity | 32% | $59B |
| Private equity | 23% | $43B |
| Real estate | 18% | $33B |
| Fixed income | 17% | $31B |
| Tangible assets | 7% | $13B |
| Innovation portfolio | 3% | $6B |
Holdings overview
Distinctive for its very large private equity program relative to peers. Public equity is largely passive; the active risk budget is concentrated in private markets and real estate.
Board mandates
- Among the highest private-markets allocations of any U.S. public pension (>40% combined PE+RE).
- Long-time anchor LP in mega-buyout funds; relationships dating to the 1980s.
- Board includes labor and employer representatives plus state officials.
Source: www.sib.wa.gov