FUNDRAISING NEWS | December 04, 2023
The Minnesota State Board of Investments (SBI) has approved five investments to private equity and real estate totalling $775 million according to meeting notes from the November 29th board meeting.
In private equity, four investments were made totalling $625 million. $150 million was allocated to both Court Square Capital Partners V and TPG Growth VI. $200 million was allocated to Stellex Fund III. $125 million was allocated to Vance Street Fund IV.
Additionally, $150 million was allocated to Torchlight Debt Opportunity Fund VIII, a real estate debt strategy.
As of September 30, 2023, the $129 billion Fund has an actual and target allocation to private markets of 26.8% and 25% respectively.
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Jane Bailey is a Marketing Associate at Dakota.
