Institution: State of Michigan Retirement Systems
Headquarters: Lansing, United States
Allocation to alternatives: 38.90%
The commitments comprise of $250 million to Green Equity Investors VIII, $100 million each to Jade Equity Investors and TSSP Institutional Credit Partners III, $60 million to Advent Latin America Private Equity Fund VII and $35 million each to FirstMark Capital OF III, FirstMark Capital V and SKCP Catalyst Fund I.
The $74.75 billion US public pension has a 16.50 percent target allocation to private equity that currently stands at 18.60 percent.
State of Michigan Retirement Systems has made 27 commitments to funds with a 2019 vintage, which combined constitute $2,534.90 billion.
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