--- title: Michigan Investment Board Commits $421M; Hires Three International Equity Managers description: Michigan Investment Board Commits $421M; Hires Three International Equity Managers. image: https://dakotafunds.com/hubfs/Imported_Blog_Media/detroit_pension-Dec-10-2021-11-05-02-70-PM-Apr-04-2024-11-18-22-8642-PM.jpg --- [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) ** - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) # Michigan Investment Board Commits $421M; Hires Three International Equity Managers **Written by: ** Koncheng Moua, Director of Data Management and Strategy ![](https://dakotafunds.com/hubfs/Imported_Blog_Media/detroit_pension-Dec-10-2021-11-05-02-70-PM-Apr-04-2024-11-18-22-8642-PM.jpg) The State of Michigan Investment Board has disclosed five new alternative investments totaling $421 million. $20 million was committed to the SJC Direct Lending Fund IV 10-Year-J strategy, a co-investment managed by Czech Asset Management for the SJC DLF IV strategy. Khosla Ventures received three separate allocations. $50 million was committed to the Khosla Ventures VIII fund. $12.5 million was committed to Khosla Ventures Opportunity II. $12.5 million was committed to Khosla Ventures Seed F.  In real estate, $326 million was invested in SMP Data Center, LLC, a separately managed account managed by Principal Real Estate Investors.  Also disclosed was the hiring of three new international equity managers. $220 million was allocated to AQR Capital Management, $165 million was allocated to LSV Asset Management, and $100 million was allocated to Wellington Asset Management. *For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a *[free trial](https://www.dakota.com/free-trial)* of Dakota Marketplace!* ** Tags: [Credit](https://dakotafunds.com/dakota-funds/tag/credit), [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Real Estate](https://dakotafunds.com/dakota-funds/tag/real-estate), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity), [International Equities](https://dakotafunds.com/dakota-funds/tag/international-equities) ### Recent Posts [EP Wealth Acquires Wacker Wealth Partners](https://dakotafunds.com/dakota-funds/fundraising-news/ep-wealth-acquires-wacker-wealth-partners) April 04, 2024 [JTP Capital Seeking Fundraising and CRM Database Management Assistant](https://dakotafunds.com/dakota-funds/fundraising-news/jtp-capital-seeking-fundraising-and-crm-database-management-assistant) April 04, 2024 [$700M Merrill FAs Depart to Sanctuary](https://dakotafunds.com/dakota-funds/fundraising-news/700m-merrill-fas-depart-to-sanctuary) April 03, 2024 [Greenbacker Capital Seeking Internal Sales Representative](https://dakotafunds.com/dakota-funds/fundraising-news/greenbacker-capital-seeking-internal-sales-representative) April 03, 2024 [NY Common Commits $550M to Venture Capital, Real Estate](https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-550m-to-venture-capital-real-estate) April 03, 2024 ## Related Blogs September 23, 2022 #### Louisiana TRS Commits $425M to Alternatives The Teachers’ Retirement System of Louisiana (TRSL) has made commitments totaling up to $425... 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[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/dc-retirement-commits-425m-to-alts) ![footerLogo](https://dakotafunds.com/hubfs/footerLogo.svg) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Koncheng Moua, Director of Data Management and Strategy", "url" : "https://dakotafunds.com/dakota-funds/author/koncheng-moua-director-of-data-management-and-strategy" }, "dateModified" : "2024-04-04T23:20:57.391Z", "datePublished" : "2023-07-10T04:00:00.000Z", "headline" : "Michigan Investment Board Commits $421M; Hires Three International Equity Managers", "image" : [ "https://dakotafunds.com/hubfs/Imported_Blog_Media/detroit_pension-Dec-10-2021-11-05-02-70-PM-Apr-04-2024-11-18-22-8642-PM.jpg" ], "mainEntityOfPage" : { "@id" : "https://dakotafunds.com/dakota-funds/fundraising-news/michigan-investment-board-commits-421m-hires-three-international-equity-managers", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" }, "name" : "Dakota Funds Group" } } ```