State of Michigan Retirement System has approved $239.6m (€204.3m) worth of real estate and infrastructure commitments, according to the pension fund’s meeting document.
State of Michigan has made a €32.5m logistics co-investment in Italy alongside GreenOak Europe III, a fund the pension fund made a €75m commitment to in June last year. The fund has a fundraising hard cap target of €1bn.
The manager BentallGreenOak did not respond to a request for comment.
The pension fund has issued a $100m commitment to Rialto Real Estate Fund IV-Debt, the Rialto Capital Management debt fund seeking to raise $1.9bn.
State of Michigan also said in the meeting document that it has placed $100m into Kayne Renewable Opportunities Partners, a fund focused on investing in the renewable infrastructure sector.
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