Established in 1885 to manage assets for the State of Minnesota, the SBI is also responsible for the assets of the three Statewide Retirement Systems, various defined contribution plans, non-retirement accounts, and tax-advantaged savings plans. The market value of all assets is US$ 129.1 billion.
Assets under Management (AuM):
Alternative Assets: 25%
“To ensure that state and pension assets subject to this legislation will be responsibly invested to maximize the total rate of return without incurring undue risk” (Pension Fund Manager)