Minnesota adds $1.3bn to alts funds

The Minnesota State Board of Investment has continued to build out its diversified portfolio with $1.3 billion in fresh allocations in private equity and real estate investments.

The $116 billion in state pension and investment funds have maintained a $22 billion commitment to private market investments and as of the end of may tapped six new funds from existing managers.

In private equity, the managers and funds selected were: Blackstone’s BCP Asia II ($300 million); KKR’s MN Partnership ($150 million); TPG’s TPG Growth V ($150 million); and TPG’s TPG TTAD . . .

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