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Michigan To Put $750M In Carlyle, AlpInvest

The Municipal Employees’ Retirement System of Michigan will allocate up to $750 million to Carlyle and AlpInvest.

The Municipal Employees’ Retirement System of Michigan will allocate up to $750 million to Carlyle and AlpInvest, The Wall Street Journal reports. The system will invest $500 million in the next five years in AlpInvest, which will provide exposure to fund commitments as well as to secondary deals and co-investments.

The $6.8 billion system will also commit up to $250 million in a five-year period to a nondiscretionary managed account with Washington, DC-based Carlyle. The amount may be utilized for direct investments in Carlyle funds and also for co-investments and other opportunities.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Pensions & Investments.

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