Name: Minnesota State Board of Investment
Headquarters: St Paul, US
AUM: $93.68 billion
Allocation to private equity: 17.6%
Minnesota State Board of Investment announced its latest private equity commitments during its August board meeting.
The public pension fund committed $300 million to Blackrock Long Term Private Capital II. Managed by BlackRock, the fund is targeting $5 billion in capital with a regional focus within North America and Western Europe.
MSBI also committed $250 million to Summit Partners Growth Equity Fund XII. The growth equity fund will invest into healthcare, technology and product companies.
The LP invested $150 million to Thoma Bravo Fund XVI. The fund will invest through controlled buyouts of North American technology and service companies
Minnesota announced a $200 million commitment to Thomas H Lee Partners Equity Fund X. The mid-market buyout fund has a target size of $6.25 billion and will invest into companies with enterprise values between $250 million and $3 billion.
Minnesota State Board of Investment currently allocates 17.6 percent of its investment portfolio to private equity, amounting to 16.49 billion in capital.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
