Minnesota State Board of Investment, St. Paul, plans to search next year for a new consultant, Howard J. Bicker Jr., executive director, said in an interview.
The contract of the fund’s current consultant, Nuveen Investment Solutions, expires on June 30, 2012, and it is subject to the fund’s regular rebidding process. Mr. Bicker said the search likely will begin in March but further details have not been finalized.
At a meeting on Wednesday, trustees approved follow-on real estate commitments of $100 million each to TA Associates Realty Fund X and Blackstone Partners VII Fund. The amounts already managed for the board by TA Associates and Blackstone could not be learned.
As of June 30, the Minnesota State Board of Investments managed a total of $61.6 billion, including $48 billion in defined benefit assets.
