MSBI confirms more than $2bn in commitments

The St Paul-based organisation has backed 18 private equity vehicles.

Institution: Minnesota State Board of Investment
Headquarters: St Paul, US
AUM: $94.1 billion
Allocation to alternatives: 17.4%

Minnesota State Board of Investment approved more than $2 billion-worth of private equity commitments across 18 vehicles at its February board meeting, a contact at the organisation confirmed to affiliate title Private Equity International.

These commitments include:

  • $100 million to Clearlake Capital Partners VII
  • $100 million to Siris Partners V
  • $100 million to TSG9
  • $150 million to Advent International GPE X
  • $100 million to Apax XI
  • $150 million to Blackstone Capital Partners IX
  • $150 million to Blackstone Growth II
  • €90 million to Bridgepoint Europe VII
  • $150 million to Brookfield Capital Partners VI
  • €90 million to IK X Fund
  • $100 million to KKR Core Platform II
  • $100 million to KKR European Fund VI
  • $250 million MN Asia Investors
  • €90 million to Nordic Capital XI
  • $100 million to Thoma Bravo XV
  • $100 million to TPG Partners IX
  • $150 million to WCAS XIV
  • $100 million to Wind Point Partners X

MSBI allocates $10.54 billion to private equity investments, comprising 11.2 percent of its total investment portfolio. As illustrated below, the organisation’s recent private equity commitments have focused on buyout and venture capital vehicles globally in multiple sectors.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.