Overview
Minnesota State Board of Investment is a U.S. public retirement system or public investment organization that supports pension benefits for eligible public-sector employees and beneficiaries.1
The capital pool exists to fund public-sector retirement benefits and related obligations.1
Investment program
- Estimated AUM
- $101.2B as of Jun 30, 20252
- Capital pool
- public pension fund1
- Investment model
- Likely hybrid public-pension model with internal staff, consultants, and external managers; verify from official investment policy or ACFR.1
- Investment approach
- The SVF Plan is invested in a diversified account and is administered by Public Employees Retirement Association (PERA).3
- Spending support
- Not listed yet
- Spending policy
- Not listed yet
- Asset allocation
- Public evidence references these asset classes or allocation areas: private equity, venture capital, private credit, hedge funds, real estate, infrastructure, public markets, fixed income.1
- Performance
- Not listed yet
- Governance
- Minnesota State Board of Investment 2025 Annual Report The Minnesota State Board of Investment (SBI) is pleased to present its report for the fiscal year ending June 30, 2025.1
- Investment team
- Focus Alternatives-focused investment consulting and direct lending across private markets Visit → Investment Consultant Firm-reported Fund Evaluation Group Cincinnati, OH AUM $95 billion advised Fund Evaluation Group, known as FEG, is an investment advisory firm providing both consulting and outsourced CIO services to institutional investors.4
- Unfunded commitments
- Not listed yet
- Source freshness
- Last verified Jul 3, 2026 · Needs review
Sources
Last verified Jul 3, 2026 from public career and organization materials.
Fact notes
- Website (msbi.us)Parent organization overview, Pool purpose, Institution type, Capital pool, Headquarters, Investment model, Asset allocation, Governance, Investment office page · checked Jul 3, 2026
- Other source (praxisrock.com)Estimated AUM · checked Jul 3, 2026
- Website (msbi.us)Investment approach · checked Jul 4, 2026
- Website (praxisrock.com)Investment team · checked Jul 4, 2026
Profile and job sources
- Manual research (msbi.us)Manual research · checked Jul 3, 2026
- Other source (praxisrock.com)Other source · checked Jul 3, 2026
- Website (msbi.us)Website · checked Jul 4, 2026
- Website (praxisrock.com)Website · checked Jul 4, 2026
- Website (msbi.us)Website · checked Jul 4, 2026
- Website (msbi.us)Website · checked Jul 4, 2026
- Primary job/profile sourceJob posting · checked Jul 3, 2026