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 $887 million flowing into an asset class that already has swelled to more than $13 billion.
The private equity funds selected were: Advent International GPE IX for $250 million; Dover Street X, $150 million; Harvest Partners . . .
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