Institution: Minnesota State Board of Investment
Headquarters: St. Paul, United States
Allocation to alternatives: 13.80%
Minnesota State Board of Investment has agreed to commit $150 million to Blackstone’s Strategic Partners Fund VIII according to a recent report from the pension’s website.
The $97.05 billion US public pension invests in secondaries stakes within private equity and real estate funds. Minnesota State Board of Investment has previously invested in the fund’s two predecessors – Strategic Partners VI and VII, committing $150 million to each fund.
As illustrated in the charts below, the pension has been moving to steadily increase its allocation to alternatives since 2014.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.