Minnesota State Board of Investment approves $75 million to Europe focused fund

The state investment board has backed the Angelo Gordon’s third European real estate fund.

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Institution: Minnesota State Board of Investment
Headquarters: St. Paul, United States
Total AUM: $101.11bn
Allocation to Alternatives: 10.2%
Bitesize: $100-200m

Minnesota State Board of Investment has committed $75 million to Angelo Gordon Europe Realty III, a Value-add fund focused on the office, diversified, retail and residential sectors.

The $101.11 billion state investment board currently allocates 10.2% of its funds to alternatives.

As illustrated in the charts below, Minnesota State Board of Investment previously committed to six other multi-regional, Europe and Asia focused funds of Angelo Gordon.

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