Insight

SMRS strengthens relationship with Khosla Ventures

The State of Michigan Retirement System has committed to three Khosla Ventures vehicles.

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Institution: State of Michigan Retirement Systems
Headquarters: Lansing, US
AUM: $95.3 billion
Allocation to private equity: 23.5%

The State of Michigan Retirement System has committed $75 million to venture capital firm Khosla Ventures.

The largest commitment was to Khosla Ventures VII, which received a $50 million commitment. The fund is targeting a $1.5 billion close, making investments into clean tech/renewables and TMT in North America.

Two smaller commitments were also made to Khosla Ventures Opportunity II and Khosla Ventures Seed F, both receiving a $12.5 million commitment. The State of Michigan Retirement System has a long-standing relationship with Khosla Ventures.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.