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 . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Required for access to AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators