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Michigan ORS commits $1.7bn to three strategies

The $65.6bn US public pension system discloses commitments from Q4 2017.

The Michigan Office of Retirement Services (ORS) disclosed three private real estate commitments totaling around $1.7 billion finalised during the fourth quarter of 2017.

The $65.6 billion US public pension system committed $1.425 billion to MWT Holdings, a separate account managed by Domain Real Estate; $244 million to a separate account managed by Principal Real Estate; and $10 million to Alidade Capital Fund IV.

Michigan ORS currently stands at its 10 percent target allocation to private real estate. Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.