Minnesota

The $124 billion Minnesota State Board of Investment approved a new target range for private markets of between 20% and 32% of overall assets.

Vӓrde Partners alums Jason Spaeth, Jeff Thuringer and Chris Giles have now closed the inaugural fund for Hyland Hill Investment Partners at $250 million. Hyland Hill Fund I follows a flexible, opportunistic mandate and rigorous investment process that will allow ...

Conan Crum has joined Pine River Capital Management as a portfolio manager in a new role where he will focus on U.S. and UK relative value inflation strategies. Based in the firm’s Minnetonka, Minnesota, offices, he will work closely with ...

The Minnesota State Board of Investment (SBI) voted this week to select Jill Schurtz to serve as its next executive director and chief investment officer. According to a news release from the office of State Governor Tim Walz, Schurtz will ...

U.S. state and municipal retirement systems are likely to lose nearly half of 2021’s once-in-a-century investment gains this year, according to a new report by the bipartisan non-profit Equable Institute. In reviewing the unfunded liabilities across the U.S. public pension ...

The $131 billion Minnesota State Board of Investment moved ahead with key climate change transparency initiatives as well as private markets investments at trustee’s May meeting. The Minneapolis-based fund is set to commit $200 million to Blackstone Real Estate Partners ...

The $136 billion Minnesota State Board of Investment approved numerous investments across the global private market landscape totaling more than $2.6 billion in new commitments. These new commitments are on top of an already $18.6 billion private market portfolio that ...

Pine River Capital Management hired a portfolio manager in anticipation of adding inflation-related strategies to its global relative value strategy line-up. Matthew Abroe joins the firm this month from Millennium, where he was a senior portfolio manager responsible for leading ...

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 ...

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 ...