---
title: Michigan Investment Board Commits $500M in Q4
description: Michigan Investment Board Commits $500M in Q4.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/detroit_pension-Dec-10-2021-11-05-02-70-PM-Apr-04-2024-11-22-45-6174-PM.jpg
---

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# Michigan Investment Board Commits $500M in Q4

**Written by: ** John Washington, Data Research Analyst 

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The State of Michigan Investment Board has disclosed $500 million in new investments made in the fourth quarter of 2022. 

$150 million was allocated to private equity fund, GTCR Fund XIV. 

In Real Estate, $300 million was committed to Lone Star Fund XII. Additionally, $50 million was committed to Avanath Affordable Housing Renaissance Fund, managed by Avanath Capital Management. 

As of December 31, 2022, the $92.6 billion pension fund allocates approximately 24.2% to private equity and 10.8% to real estate. Their target allocations for private equity and real estate are 16% and 10% respectively. 

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