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Minnesota SBI weighs $200m commitment to KKR infrastructure fund
Investors - MAY 20, 2024

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Minnesota SBI weighs $200m commitment to KKR infrastructure fund

by Lewis Dayton

The Minnesota State Board of Investment (SBI) is considering a commitment of up to $200 million to KKR Global Infrastructure Investors V, according to a recent meeting document.

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.

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