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

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

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.

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