Michigan continues mid-market push in Q4


State of Michigan Retirement System, pension fund, private equity
General Motors debuts the new 2019 GMC Sierra Denali pickup truck at the Russell Industrial Center in Detroit, Michigan, U.S., March 1, 2018. REUTERS/Rebecca Cook - RC13E94B4B50
  • New commitments: Charlesbank, Sycamore funds
  • Continues focus on mid-market re-ups, co-invests
  • $70 bln system backs Carlyle’s new large-cap fund
State of Michigan Retirement Systems plans to continue focusing on re-ups with middle-market funds, a strategy update in its most recent investment report shows. “The private equity division has also tilted slightly toward the middle market in an attempt to ...

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