The commitment follows a similar $400 million placement in a KKR Asian fund in 2007, according to Liz Mendizabal, a spokeswoman for the board.
Washington’s pension fund, with $80.4 billion in assets as of Dec. 31, invests public money for 17 retirement plans and 22 other state funds. It has about $15.2 billion invested in private equity and earned about 21 percent on the entire fund in the fiscal year that ended June 30.
To contact the reporters on this story: Michael Marois in Sacramento at firstname.lastname@example.org.
To contact the editor responsible for this story: Mark Tannenbaum at email@example.com.