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