Institution: Minnesota State Board of Investment
Headquarters: St Paul, US
AUM:Â $89.86 billion
Allocation to alternatives: 25.8%
Minnesota State Board of Investment has committed $200 million to Blackstone Real Estate Partners X, according to its May 2022 board meeting document.
Fund X, managed by Blackstone, focuses on opportunity strategy in diversified sectors. MSBI has previously invested in Blackstone’s Opportunity Fund series, contributing $300 million to Fund IX.
The $89.86 billion organisation has a current allocation of 2.06 percent toward its real estate portfolio. As illustrated below, MSBI’s recent real estate commitments have tended to focus on opportunity and mezzanine vehicles across a variety of sectors and regions.
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