Minnesota investment board commits $200 million to Apax fund
By Christine Williamson | March 11, 2013 3:39 pm
Minnesota State Board of Investment, St. Paul, committed $200 million to a new private equity manager for the board, Apax Partners.
At a March 6 board meeting, trustees approved investment in Apax Europe VIII, said Howard J. Bicker Jr., executive director, in an interview.
The board managed $62.8 billion in aggregate as of Dec. 31, $55.3 billion of which was for Minnesota public defined benefit and defined contribution plans.