State of Michigan commits $240m to real estate and infrastructure | News

Condition of Michigan Retirement Process has accepted $239.6m (€204.3m) really worth of real estate and infrastructure commitments, in accordance to the pension fund’s conference doc.

Condition of Michigan has produced a €32.5m logistics co-investment in Italy along with GreenOak Europe III, a fund the pension fund produced a €75m motivation to in June past 12 months. The fund has a fundraising really hard cap goal of €1bn.

The manager BentallGreenOak did not answer to a ask for for remark.

The pension fund has issued a $100m motivation to Rialto Serious Estate Fund IV-Personal debt, the Rialto Cash Management debt fund trying to get to raise $one.9bn.

Condition of Michigan also mentioned in the conference doc that it has placed $100m into Kayne Renewable Chances Partners, a fund centered on investing in the renewable infrastructure sector.

To go through the digital edition of the latest IPE Serious Property magazine click here.