Institution: Minnesota State Board of Investment
Headquarters: St. Paul, United States
Allocation to alternatives: 13.80%
Minnesota State Board of Investment has agreed to commit $300 million to Blackstone Real Estate Partners IX and $100 million to Realty Associates XII, according to a recent report on the pension’s website.
The $97.05 billion US public pension currently has a 13.8 percent allocation to alternatives, which lies below its 25.0 percent target. Real estate makes up an unknown percentage of the pension’s alternatives allocation, though the State Board is known to have made four commitments to real estate funds with a 2018 vintage.
As illustrated in the charts below, Minnesota State Board of Investment has been moving to steadily increase its allocation to alternatives since 2014.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.