Washington State Investment Board (WSIB) is considering $550m (€476.8m) of new infrastructure and power commitments across strategies managed by Babcock & Brown Aircraft Management and LS Power.
The public agency, which manages the state’s pension and endowment funds, disclosed in a board meeting summary that it is considering a $250m commitment to the Incline III Aviation Limited Partnership Fund and a possible $300m allocation into LS Power Equity Partners VI.
One of the commitments is for $250m into the Incline III Aviation Limited Partnership Fund. Babcock & Brown has not disclosed the target for its commercial aircraft leasing vehicle, Incline III.
The previous fund in the series secured $1.5bn at its final close in February 2022.
LS Power has set a $4bn target for Partners VI with no hard cap, according to existing investors. The fund will back power and energy infrastructure assets across North America.
Final approval for both proposed commitments is subject to a vote at the pension fund’s full board meeting on 18 June.
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