Minnesota HF4953 mandates the State Board of Investment to establish goals and policy for emerging, diverse, start-up, and franchise investment.

Minnesota HF4953 requires the State Board of Investment to adopt a policy establishing quantitative goals for the inclusion of emerging, diverse, start-up, and franchise investment managers across asset classes. The policy must include procedures for outreach, application windows, pipeline review, and manager-of-managers structures. The board can waive minimum fund-size or prior-track-record requirements for diverse investment managers if the principals meet certain criteria.

Minnesota HF4953 mandates the State Board of Investment to establish goals and policy for emerging, diverse, start-up, and franchise investment.

Minnesota HF4953 requires the State Board of Investment to adopt a policy establishing quantitative goals for the inclusion of emerging, diverse, start-up, and franchise investment managers across asset classes. The policy must include procedures for outreach, application windows, pipeline review, and manager-of-managers structures. The board can waive minimum fund-size or prior-track-record requirements for diverse investment managers if the principals meet certain criteria.