Minnesota Nurses Association

Minnesota Nurses Association

The plan was established in 1962 to serve nurses employed at participating Twin Cities hospitals. It operates as a defined-benefit arrangement that pays monthly benefits to qualifying participants. Administration is handled externally by Wilson McShane Corporation. The plan allocates 6.46 percent of assets to private equity. Confirmed commitments include positions with TA Associates Management, The Carlyle Group, Asia Alternatives, One Rock Capital Partners, and Apollo Global Management. It also holds an interest in the Capstone Fund, a real estate distressed vehicle. Geographic exposure centers on the United States with additional commitments that reach global markets through fund-of-funds structures. The plan reports 2,166 million USD in assets. It maintains relationships with service providers including Segal as actuary, Wells Fargo Bank National Association as trustee, and Dorval & Chorne as investment advisor. Two related philanthropic vehicles exist: the Minnesota Nurses Association Foundation in Honor of Katherine D Dreves, which awarded 98,000 USD in scholarships in 2023, and the MNA Disaster Relief Fund. Governance separates the pension plan from the union's core operations through an external administrator and independent trustee. Investment decisions follow a long-term horizon of 10 to 15 years with minimum ticket sizes between 10 million and 50 million USD.