Institution: Minnesota State Board of Investment
Headquarters: St Paul, United States
AUM: $91.5 billion
Allocation to alternatives: 10.77%
Minnesota State Board of Investment approved a $300 million commitment to Oaktree Opportunities Fund XI at its May board meeting.
Minnesota SBI also invested in the fund’s predecessor that had a target size of $3 billion and raised approximately $3.6 billion.
As illustrated below, Minnesota SBI allocates 10.77 percent of its full investment portfolio to alternative assets. Its recent commitments to private equity have mainly employed mezzanine/debt strategies across diversified sectors.
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