Minnesota SBI approves $100m commitment

The government investment organisation has backed a North American corporate debt fund.

Institution: Minnesota State Board of Investment
Headquarters: St. Paul, United States
AUM: $90.20bn
Allocation to alternatives: 11.3%
Bitesize: $100-200m

Minnesota State Board of Investment committed $100 million to LBC Credit Partners V. The fund will invest in senior debt throughout North America.

The investment organisation currently allocates 11.3% to alternative assets. As illustrated in the charts below, Minnesota SBI has a strong appetite for North American corporate debt funds that target senior debt, distressed debt and subordinated/mezzanine debt.

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