Michigan ORS allocates $500m to four funds

The $65.6bn US public pension system discloses commitments from Q4 2017.

The Michigan Office of Retirement Services (ORS) disclosed four private credit commitments totaling $500 million finalised during the fourth quarter of 2017.

The $65.6 billion US public pension system committed $225 million to Apollo Structured Recovery Fund IV, $200 million to TSSP Adjacent Opportunities Partners, $50 million to Riverside Credit Solutions I and $25 million to Marathon CLO Equity Fund.

Michigan ORS has a 3 percent current allocation to private debt. Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.