Michigan Investment Board Commits $200M to Two Blackstone Funds

The State of Michigan Investment Board has disclosed two commitments to alternative investments committed $200 million across two alternative funds. 

$100 million was committed to Blackstone Energy Transition IV, an energy focused infrastructure fund.

In addition, $100 million was Blackstone Green Private Credit III, an infrastructure fund focused on private credit investments.

The two investments will be classified in the Retirement System’s Real Estate and Infrastructure asset class. As of September 30, 2022, the Retirement System’s actual and target allocation to the asset class was 11% and 10% respectively.

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