As PE confronts headwinds, Michigan moves opportunistically


Michigan, private equity, pension fund
  • 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 ...

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