Minnesota SBI approves $200m in commitments

The US government organisation has backed two Oaktree-managed real estate funds.

Institution: Minnesota State Board of Investment
Headquarters: St. Paul, United States
AUM: $104.30bn
Allocation to alternatives: 8.00%
Bitesize: $100-200m

Minnesota State Board of Investment has committed $100 million to Oaktree Real Estate Debt Fund III and $100 million to Oaktree Real Estate Opportunities Fund VIII. Both funds will be used to make diversified investments throughout North America.

The $104.30 billion US organisation currently allocates 3.10 percent of its investment portfolio to real estate.

As illustrated below, Minnesota SBI devotes eight percent of its full investment portfolio to alternative assets. The organisation has a strong appetite for diversified funds that use an opportunistic strategy.

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