Minnesota State Board of Investment, St. Paul, committed a total of $2.6 billion to 21 alternative investment funds from the state’s $94.1 billion combined defined benefit plan asset pool, a report showed.
Private equity commitments of $150 million each were awarded to Advent International; Blackstone Capital Partners IX and Blackstone Growth II; Brookfield Asset Management’s Brookfield Capital Partners VI; and Welsh, Carson, Anderson & Stowe’s.
Three European-focused private equity funds received commitments of €90 million ($101 million) each: Bridgepoint Europe VII; IK Partners’ IK X Fund; and Nordic Capital XI.
The SBI’s investment officers also earmarked $100 million each to the following private equity funds: Apax Partners’ Apax XI; Clearlake Capital Group’s Clearlake Capital Partners VII; KKR & Co.’s KKR Core Investments Fund II and KKR European Fund VI; Siris Capital Group’s Siris Partners V; Thoma Bravo Fund XV; TPG Capital’s TPG Partners IX; TSG Consumer Partners’ TSG9; and Wind Point Partners X.
