Minnesota State commits to 3 PE funds

The US furthers PE exposure and establishes a new GP partnership.

The Minnesota State Board of Investment approves $200 million commitment to Lexington Partners’ CIP IV; €150 Million to Nordic Capital’s Fund IX and $100 million to Asia Alternatives Management’s Capital Partners IV.

Lexington Partners and Nordic Capital are the Investment Board’s existing managers whereas it is the first partnership with Asia Alternatives Management.

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