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Fund managers receive commitments from Minnesota SBI

The St Paul-based organisation has backed four secondaries vehicles.

Institution: Minnesota State Board of Investment
Headquarters: St Paul, US
AUM: $89.9 billion
Allocation to alternatives: 17.4%

Minnesota State Board of Investment has committed $400 million across four secondaries vehicles, according to its December 2021 investment board meeting document.

The commitments comprise $100 million each to Landmark Real Estate Partners IX, Lexington Capital Partners X, Strategic Partners Fund IX and Whitehorse Liquidity Partners V. Minnesota SBI has an existing relationship with the fund managers.

As illustrated below, the pension’s recent secondaries fund commitments have focused on the private equity sector in North America and Western Europe.

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