News & Analysis

MSBI confirms $400m in commitments

The St Paul-based organisation backed three private debt vehicles in its latest round of commitments.

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Institution: Minnesota State Board of Investment
Headquarters: St Paul, US
AUM: $94.1 billion
Allocation to alternatives: 17.4%

Minnesota State Board of Investment approved $400 million-worth of private credit commitments across three vehicles at its February board meeting, a contact at the pension confirmed to Private Debt Investor.

The organisation made commitments of $100 million each to HPS Strategic Investment Partners V and Värde Fund XIV, as well as $200 million to Oaktree Special Situations Fund III.

MSBI currently allocates $1.04 billion to private debt investments, comprising 1.1 percent of its total investment portfolio. As illustrated below, the organisation’s recent private debt commitments have focused on distressed, mezzanine and senior debt vehicles that invest mostly in the corporate sector globally.

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