Minnesota commits $550 mln to PE in February

Minnesota State Board of Investment, pension fund, private equity
Fans gather outside First Avenue, the nightclub where U.S. music superstar Prince got his start in Minneapolis, Minnesota, April 21, 2016. Prince, the innovative pop superstar whose songwriting and eccentric stage presence electrified fans around the world with hits including "Purple Rain" and "When Doves Cry," died on Thursday in Minnesota. He was 57. REUTERS/Craig Lassig - RTX2B4B5
  • Minnesota backs Silver Lake, Vestar flagship funds
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  • Minnesota PE portfolio returns 1.55x since inception
Minnesota State Board of Investment backed four private equity funds for a combined $550 million at its Feb. 23 meeting. The $59.9 billion retirement system allocated up to $150 million each to three buyout funds — managed by Kohlberg Kravis Roberts, ...

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