T
he Minnesota State Board of Investment (BOI) is evaluating two significant investments totaling $450m for its real assets and real estate portfolios. The pension fund is considering a $250m commitment to Energy Capital Partners Management's latest energy infrastructure fund, as well as a $200m allocation to TA Realty's value-add US real estate fund.
Energy Capital Partners VI aims to raise $5bn, focusing on electricity infrastructure investments such as transition fuels and renewables, and sustainable projects like carbon capture and waste management. The fund plans to make 10-15 investments in North America, with equity commitments ranging from $250m to $750m.
TA Realty is seeking $2bn for its TA Realty Value-Add Fund XIV, targeting a 45% loan-to-value ratio. The fund will primarily invest in industrial and multifamily properties, with smaller allocations for data centers, retail, and office assets.
