Minnesota SBI approves $200m commitment

Minnesota SBI has re-upped with an existing manager.

Institution: Minnesota State Board of Investment
Headquarters: St Paul, United States
AUM: $82.14 billion
Allocation to alternatives: 15.8%

Minnesota State Board of Investment approved a $200 million commitment to Brookfield Real Estate Finance Fund VI, as mentioned at its February 2021 investment board meeting.

Minnesota SBI also approved Albourne Partners as its private market consultant.

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 primarily focused on the corporate sector.

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