The focus of $69.4bn pension fund State of Michigan Retirement System's private equity division is to tilt slightly toward the mid-market and lower-mid-market to diversify its exposure to large funds, according to its private equity review published in March.
Renaud Tourmente will join as partner and be part of Capzanine's executive committee
Hitzinger was undergoing self-administration before the consortium acquired the company
Graftys sells products in 25 countries and plans to penetrate new markets with the funding
US pension has targeted $80m for new private markets commitments through the rest of 2019