Michigan goes big: $1.5 bln to private markets in Q4

Michigan State Investment Board, private equity, pension fund
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State of Michigan Investment Board committed $1.5 billion to private-markets investments in Q4, including $300 million to TPG Sixth Street Partners’ credit fund for late-stage growth companies. The board, which manages $69.5 billion in retirement-fund assets, has an 18 percent ...

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