Minnesota State Board of Investment, St. Paul, at its June 6 meeting authorized a review committee to evaluate whether the $47 billion system needs to hire an outside consultant and a master custodian. Those functions are handled internally. Recommendations from the consultant review committee are due by September, and recommendations from the master custodian committee, by June.
The SBI also voted to authorize commitments of up to $75 million each to the Heller Real Estate Partners II fund and the Levine Leichtman Capital Partners III private equity fund.
