| Rank | PE Firm | Location | AUM ($ Billions) |
|---|---|---|---|
| 1 | CASTLELAKE | Minneapolis, MN | $24.8B |
| 2 | THRIVENT FINANCIAL FOR LUTHERANS | Minneapolis, MN | $17.4B |
| 3 | PROTERRA INVESTMENT PARTNERS | Minneapolis, MN | $2.9B |
| 4 | YUKON PARTNERS MANAGEMENT | Minneapolis, MN | $1.4B |
| 5 | GRANITE PARTNERS | St. Cloud, MN | $1.2B |
| 6 | TTCP MANAGEMENT SERVICES | Bloomington, MN | $1.2B |
| 7 | SHOREVIEW INDUSTRIES II | Minneapolis, MN | $1B |
| 8 | EXCELSIOR RENEWABLE ENERGY MANAGEMENT | Excelsior, MN | $0.7B |
| 9 | CLEARWATER MANAGEMENT | St Paul, MN | $0.7B |
| 10 | MERCED CAPITAL | Minnetonka, MN | $0.6B |