The Minnesota State Board of Investment board approved a commitment of $200 million to KKR Global Infrastructure Investors V at its meeting on May 21.
KKR Global Infrastructure Investors V is seeking to raise $20 billion of capital to invest in global infrastructure assets such as oil and gas pipelines and renewable-energy projects.
As of March 31, 2024, 2.2 percent ($2.03 billion) of the Minnesota SBI’s $92.8 billion portfolio was allocated toward real assets investments.
Minnesota SBI has invested in past instances of the KKR Global Infrastructure Investors fund series, including a $100 million commitment to KKR Global Infrastructure Investors IV in 2021 and a $150 million commitment to KKR Global Infrastructure Investors III in 2018.
