Michigan Investment Board Commits $421M; Hires Three International Equity Managers

The State of Michigan Investment Board has disclosed five new alternative investments totaling $421 million.

$20 million was committed to the SJC Direct Lending Fund IV 10-Year-J strategy, a co-investment managed by Czech Asset Management for the SJC DLF IV strategy.

Khosla Ventures received three separate allocations. $50 million was committed to the Khosla Ventures VIII fund. $12.5 million was committed to Khosla Ventures Opportunity II. $12.5 million was committed to Khosla Ventures Seed F.

In real estate, $326 million was invested in SMP Data Center, LLC, a separately managed account managed by Principal Real Estate Investors.

Also disclosed was the hiring of three new international equity managers. $220 million was allocated to AQR Capital Management, $165 million was allocated to LSV Asset Management, and $100 million was allocated to Wellington Asset Management.

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