The Minnesota State Board of Investment has committed $150 million to Blackstone Energy Transition Partners IV (BETP IV) and $175 million to Oaktree Real Estate Opportunities Fund IX (OREOF IX).
BETP IV is seeking to raise $6 billion and will invest in U.S. infrastructure projects, with a particular focus on opportunities within the energy-transition sector.
Managed by Oaktree Capital Management, OREOF IX is targeting a $6 billion fundraise and is investing opportunistically in debt secured by properties in Australia, China, Denmark, Germany, Japan, the Netherlands, Poland, South Korea and the United Kingdom.
Minnesota SBI made two commitments, of $100 million each, to OREOF IX’s predecessor fund, OREOF VIII, in February and December of 2020. The SBI also has invested numerous times in past Blackstone fund offerings.
For more information about these commitments or other funds, please visit our IREI.Q database.