Hottub VC
Join free

Minnesota State Board of Investment

Public pension plan No recent venture fund

Minnesota State Board of Investment reports 2 venture funds, $110M in all.

Holdings are from its report as of June 30, 2026.

Find LPs for your fund Claim this LP’s page

Venture funds2of 204 private funds reported
In venture funds$110MCommitments
Latest vintage2008Newest venture fund reported
Report dateJune 30, 2026

Largest venture holdings

From its report as of June 30, 2026.

Fund, as reportedManagerVintageCommitment
Split Rock Partners II, LP Emerging managerSplit Rock Partners, LLC2008$60M
Split Rock Partners LP Emerging managerSplit Rock Partners, LLC2005$50M

In the app: 6 funds of funds. Open Minnesota State Board of Investment in LP Intelligence for every fund it holds and how to reach it, or find the LPs that back firms like yours.

How it invests

Long-term capital: it backs its managers again at least as often as the median LP that reports fund by fund, and stays with them longer. It backed 81% of its managers again when they raised a later fund (52 chances), and stays with a manager 7.6 years on average.

From its own report and published commitments. How it invests in LP Intelligence: whether it kept committing through 2022–23, how much goes to managers on Fund I–III, and what it committed to lately.

Recent commitments

DateFund, as publishedManagerApprovedSource
October 21, 2025Advent International GPE XI SCSP—up to $150MDocument
October 21, 2025Blackstone Supplemental Account – M, L.P.—up to $300MDocument
October 21, 2025Strategic Partners X—up to $250MDocument
October 21, 2025Bridgepoint Europe VIII—up to $200MDocument
October 21, 2025Nordic Capital XII—up to $150MDocument
October 21, 2025Permira IX—up to $250MDocument
October 21, 2025TPG Partners X, L.P.—up to $150MDocument
October 21, 2025Wind Point Partners XI—up to $200MDocument
March 21, 2025Blackstone Capital Partners Asia III L.P.—up to $300MDocument
March 21, 2025Trident X US Fund, L.P.—up to $100MDocument
December 10, 2024Blackstone Energy Transition Partners IV—up to $50MDocument
December 10, 2024IK Small Cap IV Fund—up to $125MDocument

The latest 12 of 14 commitments from the last 24 months to private equity and venture funds, as Minnesota State Board of Investment published them. Dates are the day the plan gives. Amounts are ceilings: the most the plan approved committing, not closed commitments. What this plan publishes · every plan’s recent commitments.

LPs nearby

Within 100 miles, by city: a trip to one can take in the others.

31 LPs within 100 miles in all: see them on the map.

About this data

Holdings as this LP reports them, fund by fund. Amounts are its commitment to each fund. Fund performance it reports is on each firm’s page. As of June 30, 2026. Source: Minnesota SBI Private Markets Investments: List of Commitments (Private Equity). Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.

IRR and investment multiple as printed by the Minnesota State Board of Investment. This report does not say whether the IRR is net or gross of fees or who calculates it, and it defines no 'not meaningful' rule; the SBI states that none of the data has been reviewed or approved by the general partner or investment manager and that it may differ from the final fiscal year-end report. Multiple and IRR are blank where the SBI leaves them blank: 17 commitments with no contributions yet and 4 partly funded ones. Total value = distributions + market value, and DPI = distributions / contributions, are computed from the reported columns; TVPI is the SBI's printed multiple. Private Equity section only (as classified by the SBI; it includes venture, secondaries and some distressed funds); the Private Credit, Real Assets and Real Estate sections are not imported. The SBI's per-manager subtotal rows are not imported.

Share this page

For a post, a deck, or a note to your partners: image (PNG) · vector (SVG).