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Asset Owner Directory

Minnesota State Board of Investment

Established in 1885 to manage assets for the State of Minnesota, the SBI is also responsible for the assets of the three Statewide Retirement Systems, various defined contribution plans, non-retirement accounts, and tax-advantaged savings plans.

Country

United States

AUM

$146

Performance (%, 1YR)

12.30

Chief Executive

Jill E. Schurtz

Chief Investment Officer

Jill E. Schurtz

Performance Notes

Based on Combined Funds

Chair

Tim Walz

Asset allocation
Based on Combined Funds

50.5% Public Equity

24.9% Fixed Income

24.4% Private Markets - Invested

0.2% Private Markets - Uninvested

Website
View the annual report
Global Pension Transparency Benchmark country system description

Asset allocation as of June 30, 2024. All information is as per the most recent annual report or other publicly available data via the fund's website

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Minnesota overhauls governance as CIO gets more mandate power

Chief investment officer of the $150 billion Minnesota State Board of Investment will gain authority to hire and fire managers without board approval in a governance overhaul approved this week that will sharply fast-track decision-making. The change follows an 18-month asset allocation study which has resulted in some portfolio finetunes.

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Minnesota to expand private markets

A strategic and long-term focus sees the Minnesota State Board of Investment CIO, Mansco Perry, adopt a patient and encouraging approach when it comes to climate change and diversity. The $104 billion fund is also looking to expand its allocation to private markets, and double its internal team.

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Minnesota’s push into passive

A disillusionment with active has led Minnesota to double its passive allocation in public equities, a strategy that sits alongside a commitment to long-term investing in private markets.

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