Washington State Investment Board
Public pension plan Still adding venture funds
Washington State Investment Board reports 47 venture funds, $5B in all.
Holdings are from its report as of March 31, 2026. “Still adding venture funds”: its newest venture fund is a 2026 vintage, within 3 years of 2026.
The numbers
| Vintage | Venture funds |
|---|---|
| 2011 | 1 |
| 2012 | 0 |
| 2013 | 1 |
| 2014 | 1 |
| 2015 | 3 |
| 2016 | 2 |
| 2017 | 1 |
| 2018 | 1 |
| 2019 | 2 |
| 2020 | 2 |
| 2021 | 2 |
| 2022 | 1 |
| 2023 | 1 |
| 2024 | 1 |
| 2025 | 1 |
| 2026 | 2 |
Updates from Washington State Investment Board
All of Washington State Investment Board’s updates on Hottub VC
Largest venture holdings
From its report as of March 31, 2026.
| Fund, as reported | Manager | Vintage | Commitment |
|---|---|---|---|
| Sequoia Global Growth Fund III - Endurance Partners, L.P. | Sequoia Capital | 2018 | $350M |
| Insight Partners XII, L.P. | Insight Partners | 2021 | $250M |
| Menlo Inflection III, L.P. | Menlo Ventures | 2022 | $250M |
| TCV XI, L.P. | TCV | 2021 | $250M |
| Menlo Inflection IV, L.P. | Menlo Ventures | 2025 | $225M |
In the app: 42 more venture funds, 9 funds of funds. Open Washington State Investment Board in LP Intelligence for every fund it holds and how to reach it, or find the LPs that back firms like yours.
How it invests
Long-term capital: it backs its managers again at least as often as the median LP that reports fund by fund, and stays with them longer. It backed 88% of its managers again when they raised a later fund (96 chances), and stays with a manager 9.1 years on average.
From its own report and published commitments. How it invests in LP Intelligence: whether it kept committing through 2022–23, how much goes to managers on Fund I–III, and what it committed to lately.
Recent commitments
| Date | Fund, as published | Manager | Approved | Source |
|---|---|---|---|---|
| April 16, 2026 | Charterhouse Capital Partners XII, L.P. | — | — | Document |
| April 16, 2026 | Spark Capital IX, L.P. and Spark Capital Growth VI, L.P. | Spark Capital | up to $100M | Document |
| February 19, 2026 | the open-ended fund managed by Public Pension Capital | — | up to $100M | Document |
| November 20, 2025 | TowerBrook VII, L.P. | — | up to $400M | Document |
| September 18, 2025 | Menlo Ventures XVII, L.P. | Menlo Ventures | up to $175M | Document |
| September 18, 2025 | Menlo Inflection IV, L.P. | — | up to $225M | Document |
| November 21, 2024 | GTCR Strategic Growth Fund II, L.P. | — | up to $200M | Document |
| November 21, 2024 | GTCR Capital Solutions Fund, L.P. | — | up to $100M | Document |
Its 8 commitments from the last 24 months to private equity and venture funds, as Washington State Investment Board published them. Dates are the day the plan gives. Amounts are ceilings: the most the plan approved committing, not closed commitments. What this plan publishes · every plan’s recent commitments.
LPs nearby
Within 100 miles, by city: a trip to one can take in the others.
- The Russell Family Foundation
- Clementine Fund
- The Honzel Family Foundation
- Raven Trust Fund
- Marguerite Casey Foundation
- Casey Family Programs
- Laidir Foundation
- The Satterberg Foundation Inc
37 LPs within 100 miles in all: see them on the map.
About this data
Holdings as this LP reports them, fund by fund. Amounts are its commitment to each fund. Fund performance it reports is on each firm’s page. As of March 31, 2026. Source: WSIB Private Equity Portfolio Performance Summary By Strategy. Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.
Net IRR as labeled by WSIB, calculated by Hamilton Lane from general partner cash flows and valuations and not confirmed by the general partners. TVPI is WSIB's total value multiple (B+C)/A recomputed to two decimals from the reported totals (WSIB prints one decimal). WSIB lists an initial investment date rather than a vintage year; its year is used as the vintage (blank for commitments not yet funded). Includes realized and legacy partnerships.
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