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Minnesota SBI approves $800m in commitments

The US public pension has backed four buyout funds, one growth equity fund and one debt fund.

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Institution: Minnesota State Board of Investment
Headquarters: St. Paul, United States
AUM: $90.20bn
Allocation to alternatives: 13.80%
Bitesize: $100-200m

Minnesota State Board of Investment (Minnesota SBI) has agreed to commit $800 million to private equity funds according to a recent report on the pension’s website.

The pension has committed $150 million each to Advent International GPE IX, Blackstone Capital Partners VIII, Summit Partners Growth Equity Fund X and Varde Fund XIII. The pension has also committed $100 million each to Oak Hill Capital Partners V and Arsenal Capital Partners V.

As illustrated in the charts below, the pension has made several commitments to private equity funds with a 2018 and 2019 vintage, which combined constitute $4.13 billion.

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