Minnesota SBI approves $450m in commitments

The US public pension has backed value added, opportunity and secondaries funds.

Minnesota State Board of Investment has approved $150 million each to Carlyle Realty Partners VIII and Landmark Real Estate Partners VIII and $75 million each to Blackstone Real Estate Asia Partners II and AG Europe Realty Fund II.

The $85 million US public pension's real estate allocation currently stands at 1.9 percent.

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