Minnesota State approves over $1 billion in commitments

The US investment organisation has backed buyout, venture, secondaries and debt funds.

Minnesota State Board of Investment approved commitments of $150 million to Banc Fund X, $150 million to CVI Credit Value Fund IV, $150 million to Court Square Capital Partners IV, $200 million to Hellman & Friedman IX, $150 million to Lexington Capital Partners IX, €150 million to Bridgepoint Europe VI and $200 million to TPG vehicles including TPG Opportunities Partners IV.

The $93 billion US investment organisation allocates 4.9 percent of its portfolio to private equity investments.

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