Institution: State of Michigan Retirement Systems
Headquarters: Lansing, United States
AUM: $74.75 billion
Allocation to alternatives: 41.4%
State of Michigan Retirement Systems has announced a commitment of $82.7 million to GreenOak Europe III, according to a document from its June board meeting.
The $74.75 billion government-related investment organization has a 10 percent target allocation to private real estate that currently stands at 8.2 percent.
As illustrated in the charts below, SMRS devotes 41.4 percent of its full investment portfolio to alternative assets.
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