Wisconsin SIB Discloses $2.8B in Q2 Commitments; Bain Closes $1.6B Fund XI

SWIB Discloses $2.8B in Q2 Commitments

Bain Closes $1.6B Fund XI

Wisconsin's State of Wisconsin Investment Board disclosed approximately $2.8B in commitments made between April 1 and June 30 across private equity, real estate, and its funds alpha program. Funds alpha commitments totaled $1.72B across 12 strategies, with the largest allocations going to CC&L and DE Shaw WAE, while private equity commitments totaled roughly $813M across 18 deals, including €125M to PSG Europe III and $100M to Glendon Opportunities Fund IV. Real estate commitments totaled $300M, split among three joint ventures.

Among other allocators, the Illinois Police Officers' Pension Investment Fund named TA Realty and 1 Seed Capital as finalists in a search for one or two private non-core real estate managers to receive a combined $450M; and Kentucky's County Employees Retirement System is eyeing a $90M commitment to Blue Sea Capital Fund IV, a healthcare-focused buyout vehicle that held a $375M first close against a $550M target.

In GP fundraising, Morgan Stanley Investment Management closed its inaugural growth equity vehicle, the North Haven Growth & Innovation Fund, oversubscribed at $1.3B; Bain Capital Ventures closed its latest flagship, Bain Capital Venture Fund XI, at $1.6B, exceeding target; and TIFF Investment Management filed to raise its first dedicated secondaries vehicle, TIFF Secondaries 2026, formalizing a practice it built out earlier this year.

And in people news, the University of Nebraska Foundation named Shane McCarthy senior director of investments, joining from LAB Quantitative Strategies; and Carlson named Chris Tschida as CIO, joining from Marsh, where he led US insurance for Mercer Investments.