State of Michigan confirms $468m in commitments

The State of Michigan Retirement Systems has approved four new private equity commitments.

Name: State of Michigan Retirement Systems
Headquarters: Lansing, US
AUM: $97.4 billion
Allocation to private equity: 23.3%

The State of Michigan Retirement Systems has revealed a fresh round of private equity commitments in its latest board meeting documents.

The Lansing-based pension made a $167.7 million commitment to CVC Capital Partners IX.  The diversified buyout fund reached a final close on €26 billion in July.

A total of $150 million was allocated to Insight Partners XIII, and a further $125 million was committed to Genstar Capital Partners X. Genstar Capital also received a smaller $25 million commitment to Genstar Capital Partners XI Opportunities fund, a North America-based buyout fund.

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