Institution: State of Michigan Retirement Systems
HQ: Lansing, United States
AUM: $92.6 billion
State of Michigan Retirement Systems has announced $350 million in commitments to two real estate funds, according to their quarterly report.
The US pension fund has allocated $300 million for Lone Star Fund XII, an opportunistic real estate fund with a multi-regional focus, and $50 million for Avanath Affordable Housing Renaissance Fund, which focuses on investments in multifamily real estate and is managed by Avanath Capital Management.
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