Adams Street Partners receives $300m from Minnesota SBI

Minnesota SBI has backed the manager's latest fund.

Institution: Minnesota State Board of Investment
Headquarters: St Paul, US
AUM: $82.14 billion
Allocation to alternatives: 15.8%

Minnesota State Board of Investment approved a $300 million commitment to Adams Street Global Secondary Fund 7, as mentioned during its February 2021 investment board meeting.

Minnesota SBI also approved Albourne Partners as its private market consultant.

As illustrated below, the pension’s recent secondaries fund commitments have focused on the private equity sector in North America and Western Europe. It currently allocates 15.8 percent of its full investment portfolio to alternative investments.

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