Michigan Investment Board Commits $650M to Alts

The State of Michigan Investment Board has made six allocations to alternatives totaling $650 million, according to materials from the June 12th Investment Board meeting. 

In private credit, $150 million was committed to Dawson GP Finance Fund II. $100 million to Origami Opportunities Fund V, and an additional $100 million to Origami Opportunities Overflow Fund V. 

Within real estate, $100 million was committed to GreenOak Asia USD IV. And $100 million to Rialto Real Estate. 

Additionally, in private equity $100 million was allocated to Dover Street XI. 

As of March 31, 2024, the $105.4 billion pension fund allocates approximately 21.8% to private equity with a target of 16%, approximately 9.3% to real estate with a target of 10%, and in real return/opportunistic approximately 10.4% with a target of 10%.

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Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.


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