Michigan commits $335 mln to new PE, VC funds

Michigan, private equity, pension fund
Two cars of the 'people mover' public rail are seen covered with a advertisement for the 2014 Chevy Silverado pickup truck as they move past General Motors World Headquarters in Detroit, Michigan January 11, 2013. The North American International Auto Show media preview starts January 14th in Detroit. Photo courtesy Reuters/Rebecca Cook - RTR3CC6R
State of Michigan Retirement Systems committed $335 million to private equity and venture capital funds, according to a recent investment report. Michigan split $100 million across a pair of vehicles being raised by Axiom Asia Private Capital. The first $50 ...

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