Minnesota SBI approves $300m commitment

The public pension has backed Oaktree's latest distressed debt vehicle.

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Institution: Minnesota State Board of Investment
Headquarters: St Paul, United States
AUM: $91.5 billion
Allocation to alternatives: 10.77%

Minnesota State Board of Investment approved a $300 million commitment to Oaktree Opportunities Fund XI at its May board meeting.

Minnesota SBI also invested in the fund’s predecessor that had a target size of $3 billion and raised approximately $3.6

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