WSIB approves salary-range notice and multiple private‑market commitments; minutes adopted
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Summary
The board adopted minutes, approved new investment‑officer salary ranges (60 days after notice) and authorized several private‑market commitments (Charterhouse, Spark Capital funds, Monarch Capital) with some votes carried with dissent noted from the treasurer on specific private-market items.
The Washington State Investment Board completed several formal actions during the session.
Procedural action: the board adopted the Feb. 19, 2026 meeting minutes by voice vote after a motion to approve was seconded.
Compensation/administration: The board’s administrative committee presented a benchmarking report and moved to adopt new investment‑officer salary ranges tied to the peer‑group averages. The board moved to provide notice to the Director of the Office of Financial Management and the chairs of fiscal committees; the ranges become effective 60 days after that notice.
Private markets: On recommendations from the Private Markets Committee, the board approved multiple commitments subject to continued due diligence and final negotiated terms: up to €150,000,000 plus fees and expenses to Charterhouse Capital Partners XII (European mid‑market private equity); up to $100,000,000 to Spark Capital 9 LP and Spark Capital Growth 6 LP (venture funds, early and later‑stage allocations); and up to $300,000,000 plus fees and expenses to Monarch Capital Partners Fund 7 LP (opportunistic/distressed private credit). Several motions carried with a recorded dissent from the Treasurer on certain votes.
Votes and outcomes: Each private‑market commitment was approved "subject to continuing due diligence and final negotiation of terms," and the minutes and administrative items were adopted as presented. The meeting record notes some committee recommendations passed with the Treasurer voting no on one or more matters; the board recorded these exceptions in the minutes.
