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Minnesota SBI mulls $650m in PE commitments

The US pension fund is planning to up its PE investment with existing managers.

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Minnesota State Board of Investment (Minnesota SBI) is mulling $650 million in total commitments to four private equity funds.

The commitments include $150 million to Banc Fund X; $150 million to Court Square Capital Partners IV; $200 million to Hellman & Friedman IX and $150 million to Lexington Capital Partners IX.

The final commitment decisions are subject to a board approval and final negotiations between the fund managers and Minnesota SBI. The above commitments will be discussed at the next State Board of Investment meeting on March 1, 2018.

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