The State of Michigan Retirement System (“SMRS”) has designed the mandate to expand access to capital for emerging/small private market investment managers with a focus on generating returns and increasing the diversity of investments and the inclusion of a broader range of managers.

 

The Fund is sponsored by the State of Michigan Retirement System and is co-managed by Barings and GCM Grosvenor.

 

All investments will adhere to Michigan Statutes and the Michigan Constitution.

 

 

The Michigan Department of Treasury, Bureau of Investments, provides investment management services and serves as a fiduciary to the State of Michigan Retirement System (“SMRS”) trust funds. SMRS collectively contains the retirement assets for all state-level pension funds, on behalf of retired and active public school employees, state employees, state police, and judges. SMRS’ goals include investing these assets to meet or exceed the actuarial rate of return over the long term and diversifying assets to reduce risk. All pension trust fund assets must be invested in accordance with the Investment Act (Public Act 314), other applicable state statutes, and the Michigan Constitution. 

 

 

Barings LLC (“Barings”) is a global asset management firm with over $350 billion of assets under management across all major asset classes, as well as a global presence with over 736 investment professionals and 35 offices in 19 countries. The Barings Private Markets (“Barings PM”) platform seeks to find differentiated sources of return across private equity, real assets, asset-based investments and the four quadrants of real estate. Further, the Barings Funds & Co-Investments (Barings “FCI”) team serves as a professional limited partner investing across all major investment strategies and geographies within private markets-including buyouts, growth, private credit, infrastructure, natural resources and real estate across the globe. Over its 30-year track record, the Barings FCI team has established custom, outcome-oriented solutions through differentiated portfolio construction, access to constrained markets, and adaptability to changing markets and client priorities.

 

Please visit the http://www.msembarings.com/ site or contact Mina Pacheco Nazemi and the Barings team at [email protected].

 

 

GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $79 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform.

 

GCM Grosvenor’s experienced team of approximately 540 professionals serves a global client base of institutional and high net worth investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney.

 

For more information, visit: gcmgrosvenor.com.