Michigan bets heavily on megafunds in Q2


State of Michigan Retirement Systems, private equity, pension funds
  • Michigan backs Apollo, CVC, Silver Lake flagship funds
  • Michigan said to concentrate on re-ups, mid-market funds
  • PE program valued at $9.6 bln
Despite a recent push to bulk up its holdings in middle-market buyout funds, State of Michigan Retirement Systems allocated the vast majority of its second-quarter commitments to large buyouts. Michigan, which disclosed its commitments in materials for its Sept. 7 ...

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