SMRS approves $50m commitment

The US organisation has backed a fund focused on North America and Europe.

Institution: State of Michigan Retirement Systems
Headquarters: Lansing, United States
AUM: $74.75 billion
Allocation to alternatives: 41.4%

State of Michigan Retirement Systems has announced a commitment of $50 million to ArcLight Energy Partners VII, according to a document from its June board meeting.

The $74.75 billion government-related investment organisation has a 10 percent target allocation to infrastructure that currently stands at 1.2 percent.

As illustrated in the charts below, SMRS devotes 41.4 percent of its full investment portfolio to alternative assets.

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