Minnesota SBI approves $550m in commitments

The US public pension has backed secondaries- and buyout-focused funds.

Minnesota State Board of Investment approved commitments of $150 million each to Vestar Capital Partners VII, KKR Asian Fund III and Silver Lake Partners V, as well as $100 million to Adams Street Global Secondary Fund 6.

The $81 billion US public pension allocates 6.7 percent of its portfolio to private equity investments.

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