Minnesota fund adds $1 billion to private equity, credit

The $100 billion Minnesota State Board of Investment in St. Paul significantly ramped up its investments in private equity and private credit in recent months with $1 billion in fresh capital going to mostly existing managers.

Five allocations were made with existing managers within private equity totaling $700 million. Asia Alternatives Management, which manages the fund of funds MN Asia Investors, and Dyal Capital Partners (Dyal Capital Partners V) were selected to run $200 million each.

European firm Nordic Capital collected €150 million (US$177 million) for its Fund X, which as of early October . . .

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