Institution: Minnesota State Board of Investment
Headquarters: St Paul, United States
AUM: $89.9 billion
Allocation to alternatives: 17.4%
Minnesota State Board of Investment committed $870 million across six private equity vehicles at its December 2021 investment board meeting. These commitments were made to the institution’s existing managers.
The commitments comprised $300 million to Warburg Pincus Global Growth 14; €150 million ($170 million) to Permira VIII; $100 million each to Arsenal Capital Partners VI, Whitehorse Liquidity Partners V, Lexington Capital Partners X, and Strategic Partners Fund IX.
As illustrated below, Minnesota SBI’s recent commitments to private equity have employed a wide range of strategies across multiple sectors. It currently allocates 11.2 percent of its investment portfolio to private equity.
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