News & Analysis

Minnesota SBI approves $75m commitment

The organisation also approved the renewal of two investment consultants' contracts.

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Institution: Minnesota State Board of Investment
Headquarters: St Paul, United States
AUM: $89.5 billion
Allocation to alternatives: 17.4%

Minnesota State Board of Investment approved a $75 million commitment to Sixth Street Structured Credit Opportunities Fund V at its August 2021 investment board meeting.

At the meeting, Minnesota SBI also approved contract renewals with investment consultants Aon Investment USA Inc and Meketa Investment Group. The contracts cover a period of five years.

As illustrated below, Minnesota SBI allocates 1.1 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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