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Minnesota State Board of Investment commits to Blackstone’s Strategic Partners Fund VIII

The US public pension has backed Blackstone's latest flagship secondaries fund.

Institution: Minnesota State Board of Investment
Headquarters: St. Paul, United States
AUM: $97.05bn
Allocation to alternatives: 13.80%
Bitesize: $100-200m

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.

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