Allocator Intelligence
The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.
Commitments: Minnesota State Board of Investment
One row per line of a plan’s own disclosure. A committed row is a closing the plan dated (a monthly transaction report, a new-investments table); a disclosed holding is a line of a performance or holdings report as of that report’s date, with the plan’s own cash flows, IRR and multiple where printed. Re-up and new-manager flags are the plan’s own words. Amounts are the plan’s commitment, never a fund size.
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Jun 30, 2026 | MHR Institutional Partners IV LP | MHR Fund Management LLC | Private equity | $75.0M | 2014 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | Arsenal Capital Partners V, L.P. | Arsenal Capital Management LP | Private equity | $75.0M | 2019 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | Thoma Bravo Fund XII, L.P. | Thoma Bravo | Private equity | $75.0M | 2016 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | P•••• S••••••• F••• C•••• F••• I• | P•••• S••••••• P•••••••• L•• | Private equity | $75.0M | 2014 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | G•••••• H••• V••• | G•••••• H••• | Private equity | $72.8M | 2023 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | B••••••••• C•••••• P••••••• I•• L••• | B••••••••• M••••••••• P••••••• L••••• | Private equity | $70.0M | 2002 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | W••••••••• M•••••••• • E••••• F••• I• | W••••••••• C•••••• I•••••••• | Private equity | $66.7M | 2000 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | S•••• R••• P••••••• I•• L• | S•••• R••• P•••••••• L•• | Private equity | $60.0M | 2008 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | G•••••• H••• F••• V••• L••• | G•••••• H••• | Private equity | $57.8M | 2018 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | M••••• P••••••• V• | M••••• C••••••• L••• | Private equity | $53.7M | 2017 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | S•••• R••• P••••••• L• | S•••• R••• P•••••••• L•• | Private equity | $50.0M | 2005 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | S•••• V• | unresolved | Private equity | $50.0M | 2022 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | W•••••• P••••• C••••••••• A••• I• | W•••••• P••••• L•• | Private equity | $50.0M | 2019 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | H•••••• • F••••••• C•••••• P••••••• V••• L••• | H•••••• • F••••••• L• | Private equity | $50.0M | 2009 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | A••••• I••••••••• G•• V•••• L••• | A••••• I••••••••• L••• | Private equity | $50.0M | 2008 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | V•••• F••• X•• | unresolved | Private equity | $47.1M | 2022 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | L•••••••• C••••••••• P••••••• V• O••••••co investment | L•••••••• P••••••• | Private equity | $45.0M | 2021 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | W•••••• P••••• C••••• L••• | W•••••• P••••• L•• | Private equity | $45.0M | 2016 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | G••• T•••••••• F••• | unresolved | Private equity | $20.0M | 2012 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | D•• P••••••• I• | unresolved | Private equity | $10.0M | 1985 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | H••••••••• P••••••• V••••••••• V•••••• | H••••••••• P••••••• L• | Private equity | $7.2M | 2014 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | G••••••• P•••••• E••••• O••••••••• I• | unresolved | Private equity | $5.3M | 2014 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | H••••••••• P••••••• V••• C••••• B••••• | H••••••••• P••••••• L• | Private equity | $4.5M | 2014 | Disclosed holding | msbi.us |
| as of Jun 30, 2026 | H••••••••• I••• P• P••••••• V•••••••• | H••••••••• | Private equity | $4.3M | 2014 | Disclosed holding | msbi.us |
| as of Mar 26, 2026 | T•• P••••••• X• L••• | T•• | Private equity | $150M | Approved | msbi.us | |
| as of Oct 21, 2025 | B••••••••• S••••••••• A•••••• • M• L••• | B••••••••• | Private equity | $300M | Approvedre-up | msbi.us | |
| as of Oct 21, 2025 | P•••••• I• | P•••••• I••••••••• A••••••• L•••••• | Private equity | $250M | Approvedre-up | msbi.us | |
| as of Oct 21, 2025 | S•••••••• P••••••• X• | B••••••••• | Private equity | $250M | Approvedre-up | msbi.us | |
| as of Oct 21, 2025 | E•• V•• L••• | E•• | Private equity | $250M | Approvedre-up | msbi.us | |
| as of Oct 21, 2025 | T• R••••• V•••••••• F••• X••• L••• | T• R••••• | Real estate | $200M | Recommendedre-up | msbi.us | |
| as of Oct 21, 2025 | B••••••••• E••••• V••• | B••••••••• L•• | Private equity | $200M | Approvedre-up | msbi.us | |
| as of Oct 21, 2025 | W••• P•••• P••••••• X• | W••• P•••• P••••••• | Private equity | $200M | Approvedre-up | msbi.us | |
| as of Oct 21, 2025 | N••••• C•••••• X•• | N••••• C•••••• | Private equity | $150M | Approvedre-up | msbi.us | |
| as of Oct 21, 2025 | T•• P••••••• X• L••• | T•• | Private equity | $150M | Approvedre-up | msbi.us | |
| as of Oct 21, 2025 | A••••• I••••••••• G•• X• S••• | A••••• I••••••••• L••• | Private equity | $150M | Approvedre-up | msbi.us | |
| as of Oct 21, 2025 | T• R••••• V•••••••• F••• X••• L••• | T• R••••• | Private equity | $150M | Approved | msbi.us | |
| as of Oct 21, 2025 | M•••• C•••••• F••• V•••• L••• | M•••• C•••••• | Private equity | $125M | Approvedre-up | msbi.us | |
| as of Mar 21, 2025 | B••••••••• C•••••• P••••••• A••• I•• L••• | B••••••••• | Private equity | $300M | Approvedre-up | msbi.us | |
| as of Mar 21, 2025 | S•••• S••••• O••••••••• P••••••• V•• L••• | S•••• S••••• A•••••••• L•• | Private equity | $150M | Approvedre-up | msbi.us | |
| as of Mar 21, 2025 | T•••••• X• U• F•••• L••• | S•••• P•••• C•••••• L•• | Private equity | $100M | Approvednew manager | msbi.us | |
| as of Dec 10, 2024 | K•• N•••• A•••••• F••• X•• | K•• | Private equity | $400M | Approved | msbi.us | |
| as of Dec 10, 2024 | H•• S•••••••• I••••••••• P••••••• V• | H•• | Private credit | $200M | Approved | msbi.us | |
| as of Dec 10, 2024 | E•• I••••••••• V• | E•• | Infrastructure | $125M | Approved | msbi.us | |
| as of Mar 21, 2025 | I• S•••• C•• I• F••• | I• P••••••• | Private equity | $125M | Approved | msbi.us | |
| as of Dec 10, 2024 | N••••• C•••••• E•••••••• F••• I• | N••••• C•••••• | Private equity | $125M | Approved | msbi.us | |
| as of Dec 10, 2024 | B••••••••• E••••• T••••••••• P••••••• I• | B••••••••• | Private equity | $50.0M | Approvedre-up | msbi.us | |
| as of Dec 10, 2024 | F••••••• I••••••••• A•••• M••••••••• s••••••• a••••••separate account | F••••••• I••••••••• A•••• M••••••••• | Public equity | n/a | Approved | msbi.us | |
| as of Aug 14, 2024 | B•••••••• L••• I• | B•••••••• | Private equity | $300M | Approvedre-up | msbi.us | |
| as of Aug 14, 2024 | S••••• P••••••• G••••• E••••• F••• X•• | S••••• P•••••••• L••• | Private equity | $250M | Approvedre-up | msbi.us | |
| as of Aug 14, 2024 | T••••• H• L•• E••••• F••• X• | T••••• H• L•• | Private equity | $200M | Approvedre-up | msbi.us | |
| as of Aug 14, 2024 | T•••• B•••• F••• X•• | T•••• B•••• L•• | Private equity | $150M | Approvedre-up | msbi.us |
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