2 more advisers, 53 more managers, 236 more commitments and 272 more dated events
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
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Minnesota State Board of Investment
Public investment pool, based in Saint Paul, Minnesota, reporting $92B in assets.
Composed from this allocator's classification, location and filed figures.
- Assets
- $92B
- Fund commitments
- 223
- Managers
- 55
What matters now
- $800Mapproved, 3 funds
$800M approved across 3 funds on 22 Sep 2026: Blackstone Energy Transition Partners V $300M, Brookfield Capital Partners VII $300M, KKR Asian Fund V $200M.
22 Sep 2026 · 3 re-ups with existing managers.
Capital path
who backs this record, through what, into what; each name opens its own path- Jill E. SchurtzExecutive Director and Chief Investment Officer
- Tim WalzGovernor, Chair
- Gary MartinChair, Investment Advisory Council; Chief Investment Officer, Macalester College (Retired)
- Brookfield Capital Partners VII$600M committed
- Blackstone Energy Transition Partners V$600M committed
- KKR Asian Fund V$400M committed
- Lexington Partners$1.6B across 9 commitments
- Brookfield Asset Management$1.6B across 8 commitments
- Blackstone Management Partners L.L.C.$1.5B across 9 commitments
Relationship network
281 connected entities200 observed commitments40 repeat counterparties$31B disclosed commitments (200 commitments)2026
From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
- Service provider
- Organization
- Person
Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.
Size, funding, policy and commitments, with their basesPublic investment poolShowHide
- AON Investments USA Inc General consultantthrough Jun 30, 2025 ACFR
- Meketa Investment Group Inc. General consultantthrough Jun 30, 2025 ACFR
- Albourne Partners Limited Specialist consultantthrough Jun 30, 2025 ACFR
+2 more consultants and advisers advise this allocator
Every name, record and relationship behind this count, with the source on each.
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- Tim Walz Governor, ChairBoard chair
- Gary Martin Chair, Investment Advisory Council; Chief Investment Officer, Macalester College (Retired)Committee chair
- Lexington Partners$1.6B, 9 rows, latest Jun 30, 2026
- Brookfield Asset Management$1.6B, 8 rows, 3 re-ups, latest Sep 22, 2026
- Blackstone Management Partners L.L.C.$1.5B, 9 rows, latest Jun 30, 2026
+53 more managers received commitments
Every name, record and relationship behind this count, with the source on each.
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- Sep 22, 2026Commitment approvedMinnesota State Board of Investment (SBI) reports as committed $150M to Blackstone Supplemental Accountwith Blackstonemsbi.us
- Sep 22, 2026Commitment approvedMinnesota State Board of Investment (SBI) reports as committed $300M to Brookfield Capital Partners VII (Brookfield Asset Management)with Brookfield Asset Managementmsbi.us
- Sep 22, 2026Commitment approvedMinnesota State Board of Investment (SBI) reports as committed $150M to Brookfield Asset Managementwith Brookfield Asset Managementmsbi.us
- Sep 22, 2026Commitment approvedMinnesota State Board of Investment (SBI) reports as committed $300M to Blackstone Energy Transition Partners V (Blackstone Capital Partners)with Blackstone Capital Partnersmsbi.us
- Sep 22, 2026Commitment approvedMinnesota State Board of Investment (SBI) reports as committed $150M to the Partnership (Blackstone)with Blackstonemsbi.us
+272 more dated events
Every name, record and relationship behind this count, with the source on each.
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| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Sep 22, 2026 | Brookfield Capital Partners VII | Brookfield Asset Management | Private equity | $300M | Approvedre-up | msbi.us | |
| as of Sep 22, 2026 | Blackstone Energy Transition Partners V | Blackstone Capital Partners | Real assets | $300M | Approvedre-up | msbi.us | |
| as of Sep 22, 2026 | KKR Asian Fund V | KKR | Private equity | $200M | Approvedre-up | msbi.us |
+236 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
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| Vehicle | Manager | Amount | State | Proposed | Approved | Closed | First reported | Other LPs |
|---|---|---|---|---|---|---|---|---|
| TPG Partners X, L.P. | TPG | $150M | approved | - | Mar 26, 2026 | - | - | - |
| TA Realty Value-Add Fund XIV, L.P. | TA Realty | $200M | approved | Oct 21, 2025 | Oct 21, 2025 | - | - | - |
| Permira IX | Permira Investment Advisers Limited | $250M | held | - | Oct 21, 2025 | - | Jun 30, 2026(252d) | - |
+31 more board decisions
Every name, record and relationship behind this count, with the source on each.
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Provenance
Not yet on record: private markets allocation target, allocation policy.
Minnesota State Board of Investment is the same institution as 1 record in Venture Capital.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Minnesota State Board of Investment sits on 648 traced paths of capital across the graphs.
DFX traced 648 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
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Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
- Commitment approved2025-03-21source
- Commitment approved2025-03-21source
- Commitment approved2025-03-21source
+274 more changes on this record's ledger
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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+237 connections on the graph
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