The Minnesota State Board of Investment (SBI) is considering a commitment of up to $125 million to AG Europe Realty Fund IV, according to a recent meeting document.
Managed by TPG Angelo Gordon, AG Europe Realty Fund IV is a closed-end fund that is focused on investing in office, retail, residential, industrial, hotels, self-storage, and student and senior housing in the United Kingdom, Ireland, the Netherlands, Germany, France, Spain, Italy, Sweden, Denmark and Norway.
As of March 31, 2024, 2.2 percent ($2.05 billion) of the Minnesota SBI’s $92.8 billion portfolio was allocated toward real estate investments.
The Minnesota SBI has invested in past instances of the AG Europe Realty fund series, including a $75 million commitment to AG Europe Realty Fund III in 2019 and a $75 million commitment to AG Europe Realty Fund II in 2017.
For more information about this commitment or other funds, please visit our IREI.Q database
