PE sponsors “on the sidelines,” writes Michigan staff
$61.6 bln pension builds out co-investment, mezzanine exposure
Michigan's PE portfolio valued at $9.5 bln
State of Michigan Retirement Systems plans to direct its private equity commitments to co-investments, direct secondaries and other market-driven strategies as it takes a more “opportunistic” approach to investing over the next three to six months. A combination of geopolitical ...