---
title: Michigan Investment Board Commits $742.7M to Alts
description: Michigan Investment Board Commits $742.7M to Alts.
---

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# [Michigan Investment Board Commits $742.7M to Alts](https://dakotafunds.com/dakota-funds/fundraising-news/michigan-investment-board-commits-742.7m-to-alts)

 Written by [Koncheng Moua, Director of Data Management and Strategy](https://dakotafunds.com/dakota-funds/author/koncheng-moua-director-of-data-management-and-strategy) | September 29, 2023

The State of Michigan Investment Board has disclosed seven alternative investments totaling $742.7M, according to materials from the September board meeting.

In private credit, $100 million was allocated to the Irradian CLO Partners Fund III. Additionally, $75 million was committed to the HarbourVest Credit Opportunities Fund III.

Within private equity, $167.7 million was committed to buyout fund, CVC Capital Partners IX. $150 million was committed to Insight Partners XIII, a growth equity fund. $125 million was committed to Genstar Capital Partners XI. The Genstar XI Opportunities Fund also received a $25 million investment. Lastly, $100 million was committed to the American Industrial Partners Capital Fund VIII.

As of June 30, 2023, the $97 billion Retirement System had an actual and target allocation to Absolute Return of 9.9% and 9% respectively. The actual and target allocation to private equity was 23.3% and 16% respectively.

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[View full post](https://dakotafunds.com/dakota-funds/fundraising-news/michigan-investment-board-commits-742.7m-to-alts)

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