News & Analysis

Minnesota SBI approves $100m commitment to Oaktree Real Estate Debt Fund III

The organisation has made an additional commitment to an Oaktree-managed fund.

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Institution: Minnesota State Board of Investment
Headquarters: St Paul, United States
AUM: $74.76 billion
Allocation to alternatives: 15.8%

Minnesota State Board of Investment approved an additional $100 million commitment to Oaktree Real Estate Debt Fund III at its December 2020 investment board meeting.

Minnesota SBI also committed $100 million to the fund in March 2020, as previously reported by Private Debt Investor.

As illustrated below, Minnesota SBI allocates 1 percent of its full investment portfolio to private debt. Its recent commitments to private debt have been to distressed debt and mezzanine debt vehicles.

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