Return to search

Minnesota SBI approves $300m in commitments

Minnesota SBI has backed two North American real estate vehicles.

Institution: Minnesota State Board of Investment
Headquarters: St Paul, US
AUM: $82.14 billion
Allocation to alternatives: 15.8%

Minnesota State Board of Investment committed $300 million across two private real estate vehicles, as mentioned during its February 2021 investment board meeting.

The commitments comprised $200 million to Brookfield Real Estate Finance Fund VI and $100 million to Lubert-Adler Recovery & Enhancement Capital Fund. Both fund commitments are re-ups with existing managers.

MSBI also approved Albourne Partners as its private market consultant.

As illustrated below, Minnesota SBI’s recent real estate commitments have tended to focus on global vehicles employing value-added and opportunity strategies. It allocates 1.4 percent of its full investment portfolio to private real estate.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.