---
title: Minnesota SBI Commits $775M to Private Markets
description: Minnesota SBI Commits $775M to Private Markets
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/minnesotaCity.jpg
---

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# Minnesota SBI Commits $775M to Private Markets

**Written by: ** Jane Bailey, Marketing Associate 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/minnesotaCity.jpg)

The Minnesota State Board of Investments (SBI) has approved five investments to private equity and real estate totalling $775 million according to meeting notes from the November 29th board meeting. 

In private equity, four investments were made totalling $625 million. $150 million was allocated to both Court Square Capital Partners V and TPG Growth VI. $200 million was allocated to Stellex Fund III. $125 million was allocated to Vance Street Fund IV. 

Additionally, $150 million was allocated to Torchlight Debt Opportunity Fund VIII, a real estate debt strategy.

As of September 30, 2023, the $129 billion Fund has an actual and target allocation to private markets of 26.8% and 25% respectively. 

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 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Real Estate](https://dakotafunds.com/dakota-funds/tag/real-estate), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity)

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