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Minnesota SBI approves $475m in commitments

The organisation has backed three private equity funds in its latest round of commitments.

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Institution: Minnesota State Board of Investment
Headquarters: St Paul, United States
AUM: $74.76 billion
Allocation to alternatives: 15.8%

Minnesota State Board of Investment committed $475 million across three private equity vehicles at its December 2020 investment board meeting. These commitments were made to the institution’s existing managers.

The commitments comprised $250 million to Blackstone Growth, $125 million to Blackstone Co-investment Partnership and $100 million to Core Investment Strategy.

As illustrated below, Minnesota SBI allocates 9.5 percent of its full investment portfolio to private equity. Its recent commitments to private equity have employed a wide range of strategies across multiple sectors.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.