Minnesota SBI approves $100m commitment

The organisation also approved the renewal of two investment consultants' contracts.

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Institution: Minnesota State Board of Investment
Headquarters: St Paul, United States
AUM: $89.5 billion
Allocation to alternatives: 17.4%

Minnesota State Board of Investment has approved a $100 million commitment to KKR Global Infrastructure Investors IV, according to its August 2021 investment board document.

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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