DFX Intelligence

Allocator Intelligence

Minnesota State Board of Investment

Public investment pool· Saint Paul, Minnesotamsbi.us

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
Contact decision makersView relationships
More
Ask DFX about this allocatorInvestment staff
Open searchesPlans backing its top managerSimilar plans, same strategyCommitments (223)ConsultantsManagers
As of · the latest dated event for this allocator; each figure carries its own filing or report date

What matters now

  1. $800M
    approved, 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.

    Factboard minutes, 22 Sep 2026For GPs raising in these strategies, placement agentsBoard record →

40 more people, 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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People to know

View all people
  • Jill E. Schurtz
    Executive Director and Chief Investment Officer
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Aaron D. Griga
    Vice President, Director of Fixed Income
    Why: Runs the firm (chief executive or president)
    No route on file yet

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
All 43
Minnesota State Board of Investment
Funds committed to
All 148
Managers
All 56

Relationship network

320 connected entities200 observed commitments40 repeat counterparties$31B disclosed commitments (200 commitments)30 dated commitments shown here, 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.

What stands out
Reading the network
  • 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.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

Size, funding, policy and commitments, with their basesPublic investment poolShow
Public investment pool
Assets
$92B
Total assets, Jun 30, 2024 derived
Funded
no pension liability
not filed
Private markets target
no policy read
no policy read
Commitments
223
33 dated closings
Invests for: Minnesota Pera Public Employees Correctional Fund (PECF), Msrs State Patrol Retirement Plan, Msrs Judges Retirement Planand 5 more related allocators
Consultants and advisers
5 firms

+2 more consultants and advisers advise this allocator

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Decision makers
who to call first about an allocation, and why; then everyone else by function
  • Jill E. Schurtz · Executive Director and Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility; Confirmed current by a second source 2026-10-01
  • Aaron D. Griga · Vice President, Director of Fixed Income
    Why this person: Runs the firm (chief executive or president); Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

People
43 roles
Chief investment officer
Jill E. Schurtz
Executive Director and Chief Investment Officer (Jun 30, 2025) msbi.us
Jill E. Schurtz Executive Director and Chief Investment Officer Minnesota State Board of Investment
Jill E. Schurtz
Executive Director and Chief Investment Officer (Sep 30, 2026) msbi.us
ative staff to assist in meeting the objectives of the Board. Executive Staff Jill E. Schurtz Executive Director and Chief Investment Officer Andy Christensen Deputy Executive Director Erol Sonderegge
  • Aaron D. Griga Vice President, Director of Fixed IncomeAsset-class head

+40 more people on the investment staff and board

Every name, title and published role at this allocator, with the page it was read from.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Manager roster
56 managers on the commitment tape
From the plan’s own commitment disclosures

+53 more managers received commitments

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What changed
277 events
  • Sep 22, 2026Commitment approved
    Minnesota State Board of Investment (SBI) reports as committed $150M to Blackstone Supplemental Account
    with Blackstonemsbi.us
  • Sep 22, 2026Commitment approved
    Minnesota 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 approved
    Minnesota State Board of Investment (SBI) reports as committed $150M to Brookfield Asset Management
    with Brookfield Asset Managementmsbi.us
  • Sep 22, 2026Commitment approved
    Minnesota 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 approved
    Minnesota 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.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Commitments
239 rows, 0 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Sep 22, 2026Brookfield Capital Partners VIIBrookfield Asset ManagementPrivate equity$300MApprovedre-upmsbi.us
as of Sep 22, 2026Blackstone Energy Transition Partners VBlackstone Capital PartnersReal assets$300MApprovedre-upmsbi.us
as of Sep 22, 2026KKR Asian Fund VKKRPrivate equity$200MApprovedre-upmsbi.us

+236 more commitments

Every fund and manager this allocator committed to, with the amount, date and source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Size and funding
2 readings
Total assets
$92B Jun 30, 2024 derived DFX analyst
$86B (2023-06)
Commitment history
34 decisions the board record started
VehicleManagerAmountStateProposedApprovedClosedFirst reportedOther LPs
TPG Partners X, L.P.TPG$150Mapproved-Mar 26, 2026---
TA Realty Value-Add Fund XIV, L.P.TA Realty$200MapprovedOct 21, 2025Oct 21, 2025---
Permira IXPermira Investment Advisers Limited$250Mheld-Oct 21, 2025-Jun 30, 2026(252d)-

+31 more board decisions

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Provenance
Identifiers: none on file
Cross-graph: private equity LP tape (cited), venture LP tape (cited)
First observed Sep 15, 2026, last observed Sep 30, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.

Not yet on record: private markets allocation target, allocation policy.

Across the graphs

Minnesota State Board of Investment is the same institution as 1 record in Venture Capital.

Venture Capital1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Capital chain

Minnesota State Board of Investment sits on 654 traced paths of capital across the graphs.

Allocator commitments to a managerAllocator to PE fund to manager to companyConsultant to allocator to manager

DFX traced 654 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Record history

277 dated events on the change ledger, latest event first
  • Commitment approved
    2026-09-22source on record
  • Commitment approved
    2026-09-22source on record
  • Commitment approved
    2026-09-22source on record

+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

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.