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Exclusive: Minnesota State Pension to Achieve Highest Returns Since 1983
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Minnesota State Board searching for one or more consultants
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Minnesota State Pension to Seek General Consultants
In addition to investment objectives, the consultants will also research ESG investing strategies, and DE&I initiatives in investment programs.
The Minnesota State Board of Investment (MSBI) is seeking general consultants for a five-year contract with the state pension plan. The fund is planning to put out a request for proposals (RFP) on June 14.
Current investment consultant contracts with Aon Investments and Meketa Investment Group are expected to expire next year, though both can reapply for the contract, according to a notice released Tuesday from the MSBI.
Aon has been with the pension plan for the past five years; Meketa, since the 1990s. The pension plan is required to rebid for services every five years.
Minnesota State Board commits $1.35 billion to private equity, real estate funds
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Minnesota State Board of Investment, St. Paul, approved private equity and real estate commitments totaling $1.35 billion at its meeting Wednesday, said Mansco Perry III, executive director and chief investment officer, in an email.
The board approved commitments of $300 million each to Blackstone Capital Partners Asia II, an Asian buyout fund managed by
Blackstone Group; Brookfield Strategic Real Estate Partners IV, a global real estate fund managed by
Brookfield Asset Management; and Carlyle Realty Partners IX, an opportunistic real estate fund managed by
The Carlyle Group.
The board also approved commitments of $150 million each to KKR MN Partnership, a private equity fund managed by
April 8, 2021
Pandemic Exacerbating US Wealth Disparity
Mansco Perry, Carlos Rangel, and Tim Recker comment on the widening of the wealth gap creating both risks and opportunities for asset owners.
An already wide gap in wealth disparity among Americans was only magnified and exacerbated by the COVID-19 pandemic, according to a panel discussion at
The panel, which was moderated by
Chief Investment Officer managing editor Christine Giordano, included Carlos Rangel, CIO of W.K. Kellogg Foundation; Mansco Perry, executive director and CIO of the Minnesota State Board of Investment (SBI); and Tim Recker, CIO and treasurer of The James Irvine Foundation.
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