Institution: Minnesota State Board of Investment
Headquarters: St Paul, United States
AUM: $89.5 billion
Allocation to alternatives: 17.4%
The pension previously committed approximately $150 million to the vehicle’s predecessor, KKR Global Infrastructure Investors III, which held a final close at $7.4 billion in September 2018, exceeding its target of $7 billion.
At the meeting, Minnesota SBI also approved contract renewals with investment consultants Aon Investment USA Inc and Meketa Investment Group.
As illustrated below, the pension’s recent private infrastructure commitments have focused globally across multiple sectors.
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