Minnesota State Board of Investment committed $300m to Blackrock Long Term Private Capital II, $250m to Summit Partners Growth Equity Fund XII, $150m to Thoma Bravo Fund XVI and $200m commitment to Thomas H Lee Partners Equity Fund X.
The Harrisburg-based pension has revealed $325m worth of commitments across three private equity funds.
Also, the firm closed its fifth secondary overflow fund at $3.4 billion.
Fund III follows Resurgens’ two prior funds, RTP I, which raised over $200 million, and RTP II, which raised over $500 million.
The new policy would let ACERA’s staff make the decision to roll existing assets or portfolios into continuation funds if that falls in line with ACERA’s financial consultant’s recommendation.
The fund will invest in the middle-market infrastructure sector.
The closing brings total capital raised to $580 million for the overall strategy, which includes a portion of commitments from The Rise Fund.
Fund IV's limited partners include endowments, foundations, public and corporate pension plans, family offices, insurance companies, and global financial institutions.
Fund VI will target niche manufacturing, business services, and value-added distribution sectors.
NZPF is Quinbrook’s fifth successive energy transition focused fund raised to date.