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Minnesota SBI approves $754m in commitments

The US investment organisation has backed six global private equity funds.

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Institution: Minnesota State Board of Investment
Headquarters: St. Paul, United States
AUM: $90.20bn
Allocation to alternatives: 11.3%
Bitesize: $100-200m

Minnesota State Board of Investment committed $150 million to Apax Fund X, €135 Million ($151.76 million) to IK Fund IX, $100 million to KKR European Fund V, €135 Million ($151.76 million) to Permira Fund VII, $150 million to TPG Fund VIII and $50 million to Warburg Pincus China-Southeast Asia II. The funds are multi-regional and will use capital committed to invest in multiple sectors including financial services, healthcare, technology, industrials and consumer goods.

The government investment organisation currently allocates 11.30% to alternative assets. As illustrated in the charts below, Minnesota SBI has a strong appetite for buyout funds that invest in a diversified group of sectors and regions.

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