Institution: Minnesota State Board of Investment
Headquarters: St. Paul, United States
Allocation to alternatives: 13.80%
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.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.