One dollar bill. Photo: Neon Brand/Unsplash

US pension fund Washington State Investment Board (WSIB) is mulling a capital commitment of up to $150m in TPG Asia VIII, LP, the eighth iteration of TPG Capital’s Asia-focussed buyout funds. The investment has been approved by the Private Markets Committee and is being considered by the Board, the pension fund said in a statement on Thursday.

“WSIB has… invested in 17 TPG funds, including seven of the TPG flagship funds. This proposed investment falls under the Board approved 2023 private equity annual plan and is consistent with WSIB’s model portfolio,” it said.