Michigan State Investment Board Commits $385M to Private Credit, Private Equity

The Michigan State Investment Board disclosed six alternative investments totaling $385 million, according to materials from the December 13th Board meeting. 

In private credit, $100 million was committed to Lone Star Residential Mortgage Fund III, $100 million to Sixth Street CLO Equity Fund IV, and $60 million to HarbourVest Direct Lending Fund II.

Within private equity, $90 million was committed to Turning Rock Fund III, $20 million to Renaissance VC Fund V, and $15 million to Menlo Ventures XVI.

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