The Washington State Investment Board (WSIB) has allocated $600 million to two infrastructure funds managed by Global Infrastructure Partners (GIP).
The pension fund committed as much as $400 million to Global Infrastructure Partners Fund V and up to $200 million to Global Infrastructure Partners Cascade I. The funds will target investment opportunities in high-quality infrastructure assets across Organization for Economic Cooperation and Development (OECD) countries.
In December 2022, the WSIB unveiled commitments of as much as $500 million in a parallel investment vehicle alongside Stonepeak Core Fund (A), an open-end vehicle managed by Stonepeak Infrastructure Partners; and up to $300 million in the Global Infrastructure Partners Core Fund.