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Michigan piles $1.1 billion into PE, real estate and private credit

The Michigan Bureau of Investments, which oversees $64 billion in state retirement plan assets, tapped into 11 funds across private equity and other alternatives strategies with allocations totaling over $1.1 billion, according to recently released investment reports. The investments were made in mid-2019, but only recently detailed online. Private equity saw the most activity with …

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