# Minnesota State Board of Investments' Fund Commitments: 62 Managers It Backs (2026)

> The 62 fund managers Minnesota State Board of Investments has committed to, 248 funds in all, by kind of manager: private equity and asset managers, vc...

Source: https://millionrounds.com/portfolio-maps/minnesota-state-board-of-investments-fund-commitments (Millionrounds; every figure on the page links to its filing or article)

## Private equity and asset managers

48

- [Blackstone Group](https://millionrounds.com/fund/blackstone-group)
- [Lexington Partners](https://millionrounds.com/fund/lexington-partners)
- [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus)
- [Brookfield Asset Management](https://millionrounds.com/fund/brookfield-asset-management)
- [Oaktree Capital Management](https://millionrounds.com/fund/oaktree-capital-management)
- [Summit Partners](https://millionrounds.com/fund/summit-partners)
- [TPG](https://millionrounds.com/fund/tpg)
- [Advent International](https://millionrounds.com/fund/advent-international)
- [Nordic Capital](https://millionrounds.com/fund/nordic-capital)
- [Permira](https://millionrounds.com/fund/permira)
- [Sixth Street](https://millionrounds.com/fund/sixth-street)
- [The Carlyle Group](https://millionrounds.com/fund/the-carlyle-group)
- [Thoma Bravo](https://millionrounds.com/fund/thoma-bravo)
- [*HF* Hellman & Friedman](https://millionrounds.com/fund/hellman-and-friedman)
- [Thomas H. Lee Partners](https://millionrounds.com/fund/thl-partners)
- [Blue Owl Capital](https://millionrounds.com/fund/blue-owl-capital)
- [Bridgepoint](https://millionrounds.com/fund/bridgepoint-group)
- [Court Square Capital Partners](https://millionrounds.com/fund/court-square-capital-partners)
- [Apax Partners](https://millionrounds.com/fund/apax-partners)
- [*VP* Varde Partners](https://millionrounds.com/fund/varde-partners)
- [BlackRock](https://millionrounds.com/fund/blackrock)
- [Prudential Financial](https://millionrounds.com/fund/prudential-financial)
- [Audax Group](https://millionrounds.com/fund/audax-group)
- [NGP](https://millionrounds.com/fund/ngp)

+24 more

## VC firms

12

- [KKR](https://millionrounds.com/fund/kkr)
- [Energy & Minerals Group](https://millionrounds.com/fund/energy-and-minerals-group)
- [Energy Capital Partners](https://millionrounds.com/fund/energy-capital-partners)
- [*BS* Blackstone Strategic Partners](https://millionrounds.com/fund/blackstone-strategic-partners)
- [Marathon Venture Capital](https://millionrounds.com/fund/marathon-venture-capital)
- [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners)
- [MERCED](https://millionrounds.com/fund/merced)
- [Split Rock Partners](https://millionrounds.com/fund/split-rock-partners)
- [Avenue Capital Group](https://millionrounds.com/fund/avenue-capital-group)
- [Cardinal Partners](https://millionrounds.com/fund/cardinal-partners-cp-venture-capital)
- [Oak Hill Capital Management, LLC](https://millionrounds.com/fund/oak-hill-capital-management-llc)
- [*PC* Prudential Capital Partners](https://millionrounds.com/fund/prudential-capital-partners)

## Angels and networks

1

- [*HI* HPS Investment Partners](https://millionrounds.com/fund/hps-investment-partners)

## Growth funds

1

- [*AG* Angelo Gordon & Co.](https://millionrounds.com/fund/angelo-gordon-and-co)

## Segment by segment

### Private equity and asset managers

48 managers

- [**Blackstone Group**](https://millionrounds.com/fund/blackstone-group) Private equity United States 22 backed
- [**Lexington Partners**](https://millionrounds.com/fund/lexington-partners) Private equity United States 10 backed
- [**Warburg Pincus**](https://millionrounds.com/fund/warburg-pincus) Private equity United States 9 backed
- [**Brookfield Asset Management**](https://millionrounds.com/fund/brookfield-asset-management) Private equity United States 8 backed
- [**Oaktree Capital Management**](https://millionrounds.com/fund/oaktree-capital-management) Fund of funds United Arab Emirates 8 backed
- [**Summit Partners**](https://millionrounds.com/fund/summit-partners) Private equity United States 7 backed
- [**TPG**](https://millionrounds.com/fund/tpg) Private equity United States 7 backed
- [**Advent International**](https://millionrounds.com/fund/advent-international) Private equity United States 6 backed

### VC firms

12 managers

- [**KKR**](https://millionrounds.com/fund/kkr) VC firm United States 18 backed
- [**Energy & Minerals Group**](https://millionrounds.com/fund/energy-and-minerals-group) VC firm - 6 backed
- [**Energy Capital Partners**](https://millionrounds.com/fund/energy-capital-partners) VC firm United States 5 backed
- [*BS* **Blackstone Strategic Partners**](https://millionrounds.com/fund/blackstone-strategic-partners) Investment firm - 5 backed
- [**Marathon Venture Capital**](https://millionrounds.com/fund/marathon-venture-capital) VC firm Greece 4 backed
- [**Adams Street Partners**](https://millionrounds.com/fund/adams-street-partners) VC firm United States 3 backed
- [**MERCED**](https://millionrounds.com/fund/merced) VC firm Saudi Arabia 2 backed
- [**Split Rock Partners**](https://millionrounds.com/fund/split-rock-partners) VC firm United States 2 backed

### Angels and networks

1 manager

- [*HI* **HPS Investment Partners**](https://millionrounds.com/fund/hps-investment-partners) Angel investor - 2 backed

### Growth funds

1 manager

- [*AG* **Angelo Gordon & Co.**](https://millionrounds.com/fund/angelo-gordon-and-co) Growth fund - 8 backed

**How this map is made.** Every manager here runs a fund Minnesota State Board of Investments has committed to, as its public commitment reports show. Grouped by the kind of manager, each ranked by how many of its funds Minnesota State Board of Investments backs. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Fund commitments **California Public Employees' Retirement System (CalPERS)'s fund commitments** 95 managers](https://millionrounds.com/portfolio-maps/california-public-employees-fund-commitments)[Fund commitments **California State Teachers Retirement System's fund commitments** 99 managers](https://millionrounds.com/portfolio-maps/california-state-teachers-retirement-system-fund-commitments)[Fund commitments **Washington State Investment Board's fund commitments** 85 managers](https://millionrounds.com/portfolio-maps/washington-state-investment-board-fund-commitments)[Fund commitments **Regents of the University of California's fund commitments** 34 managers](https://millionrounds.com/portfolio-maps/regents-of-the-university-of-california-fund-commitments)[Fund commitments **European Investment Fund's fund commitments** 28 managers](https://millionrounds.com/portfolio-maps/european-investment-fund-eif-fund-commitments)[Fund commitments **Cendana Capital's fund commitments** 22 managers](https://millionrounds.com/portfolio-maps/cendana-capital-fund-commitments)

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