Minnesota State Board of Investment approves $300m in commitments

The US public pension has backed two North American private debt funds.

-
MSBI recent fund commitments to private debt

Institution: Minnesota State Board of Investment
Headquarters: St. Paul, United States
AUM: $97.05bn
Allocation to alternatives: 13.80%

The Minnesota State Board of Investment has agreed to commit $200 million to TCW Direct Lending VII and $100 million to Credit Solutions Fund II, according to a recent report on the pension’s website. Both funds have a North American focus.

The $97.05 billion US public pension has a 25.0 percent target allocation to alternatives, which currently stands at 13.8 percent. The pension is known to have made four commitments to private debt funds with a 2018 vintage.

As illustrated in the charts below, Minnesota State Board of Investment has steadily increased its allocation to alternatives since 2014.

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