Minnesota SBI approves $100m commitment

The St Paul-based organization has re-upped with Landmark Partners.

Institution: Minnesota State Board of Investment
Headquarters: St Paul, US
AUM: $89.9 billion
Allocation to alternatives: 17.4%

Minnesota State Board of Investment has agreed to commit $100 million to Landmark Real Estate Partners IX, according to its December 2021 investment board meeting document.

This commitment is a re-up with one of its existing managers. The organization previously committed $149.5 million to the fund’s predecessor, Landmark Real Estate Partners VIII, which held a final close at $3.3 billion in March 2018, exceeding its $2 billion target.

As illustrated below, Minnesota SBI’s recent real estate commitments have tended to focus on global vehicles employing a range of strategies. The organization currently allocates 1.4 percent of its full investment portfolio to private real estate.

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