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Private Markets Investment Commitments

 

Recent Commitments

At the December 2, 2019, State Board of Investment meeting, the Board authorized the Executive Director, with assistance from the SBI's legal counsel, to negotiate and execute the private markets fund commitments listed below. All private markets investment commitments are subject to the amounts listed below or a maximum of 20% of the fund - whichever is less and must include at least four other investors participating in the fund. Each of these items is subject to final negotiations between the firm and the SBI.

Board Approval of these potential commitments is not intended to be, and does not constitute in any way, a binding or legal agreement or impose any legal obligations on the State Board of Investment and neither the State of Minnesota, the Investment Advisory Council, the State Board of Investment nor its Executive Director have any liability for reliance by the General Partner upon this approval. Until the Executive Director on behalf of the SBI executes a formal agreement, further due diligence and negotiations may result in the imposition of additional terms and conditions on the General Partner or reduction or termination of the commitment.

Existing Managers:      
Private Equity Lexington Partners Co-Investment Partners V Overage Program $100 Million  
Private Equity Leonard Green & Partners Green Equity Investors VIII $150 Million  
Private Equity Madison Dearborn Partners Madison Dearborn Capital Partners VIII $100 Million  
Distressed/Opp. Marathon Asset Management Marathon Distressed Credit Fund I $200 Million  
Real Estate Rockwood Capital Rockwood Capital Real Estate Partners Fund XI $100 Million  
         
New Managers:        
Private Credit HPS Investment Partners HPS Mezzanine Partners 2019 $100 Million  
Private Equity Vista Equity Partners Management Vista Equity Partners Perennial Fund $200 Million  
         

 

Private Markets Investments Quarterly Commitments Report

A complete list of the Minnesota State Board of Investment's Private Markets commitments can be found in the Combined Funds section of the Comprehensive Performance Report.




Note: Information presented on this website is made public pursuant to Minn. Stat. Chs. 13 and 13D, and Minn. Stat. ยง 11A.24, subd. 6(c).
Additional information on private markets investments may be classified as non-public and not subject to disclosure.