Institution: Minnesota State Board of Investment
Headquarters: St Paul, United States
AUM: $71.05 billion
Allocation to alternatives: 15.6%
Minnesota State Board of Investment has committed $927 million across six private equity vehicles at its August 2020 investment board meeting. These commitments were made to the institution’s existing managers.
The commitments comprise $200 million each to MN Asia Investors and Dyal Capital Partners V; €150 million to Nordic Capital X; $150 million to Thoma Bravo Fund XIV; $100 million each to Whitehorse Liquidity Partners IV and Merit Capital Fund VII.
As illustrated below, Minnesota SBI allocates 15.6 percent of its full investment portfolio to alternative assets. 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.