The State of Michigan Retirement System has approved a €100m commitment to BentallGreenOak’s latest European real estate fund.
State of Michigan disclosed in a meeting document that it has backed BentallGreenOak Europe Fund IV, a multi-strategy real estate fund focused on the industrial and logistics sectors.
BentallGreenOak declined a request for comment.
State of Michigan said it has also approved a $100m commitment to IDR Investment Management’s open-ended IDR Core Property Index Fund and allocated $100m each to US real estate investment trust managers BlackRock Financial Management, Heitman Real Estate Securities and Principal Real Estate Investors.
The IDR fund invests on a weighted basis in 22 funds that are part of the NFI-ODCE Index. IDR declined a request for comment.
The pension fund also disclosed that it has made a $100m commitment to GCM Grosvenor Customized Infrastructure Strategies III, a GCM Customized Fund Investment-managed closed-end fund that invests in infrastructure globally via co-investments and secondaries.
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