Minnesota State Board Discloses $1.4 Billion in New Investments

The Minnesota State Board of Investments has disclosed new investments totaling up $1.2 billion.

In private equity, $100 million was committed to the buyout fund, Goldner Hawn VIII. $200 million was committed to Hellman & Friedman XI, a large buyout fund managed by Hellen & Friedman. $150 million was committed to Paine Schwartz Food Chain VI. Lastly, $200 million was committed to the middle market buyout fund, Windjammer Capital VI.

$250 million was allocated to the private credit fund, Marathon Distressed Credit Fund II.

$200 million was committed to real assets fund, ECP V.

Within real estate, $200 million was allocated to TA Realty Value-Add Fund XIII, managed by TA Associates. $100 million was allocated to AG Asia Realty Fund V, managed by Angelo Gordon.

As of December 31, 2022, the Minnesota State Board allocates 25.7% to private markets while they target 25% to the asset class.

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