The Michigan State Police Retirement System provides retirement and disability benefits to Michigan State Police troopers and sergeants. While the plan itself has approximately $4 billion in dedicated assets, its investments are managed as part of the much larger pooled portfolio overseen by the Michigan Bureau of Investments within the Department of Treasury.
Investment Strategy
The Michigan Bureau of Investments manages pooled assets exceeding $100 billion across multiple state retirement systems. The combined portfolio is diversified across public equities, fixed income, private equity, real estate, and other alternatives. The pooled structure gives the State Police plan access to the same institutional-quality managers and strategies available to the larger Michigan systems.
The alternatives program includes private equity investments in buyout, growth, and venture strategies, as well as real estate across core, value-add, and opportunistic risk profiles. The Bureau has been investing in private markets for decades and has built deep relationships with established managers.
How to Approach
Fund managers should engage with the Michigan Bureau of Investments in Lansing. The Bureau manages all alternative investments for the state retirement systems and evaluates managers through a comprehensive due diligence process. GPs should provide a concise fund overview, track record, and strategy description. The Bureau maintains an active conference calendar and is open to direct manager outreach.
Frequently Asked Questions
How are Michigan State Police pension assets invested?
Michigan State Police Retirement System assets are invested through the Michigan Bureau of Investments, which manages pooled assets for multiple state retirement systems totaling over $100 billion. The combined portfolio allocates approximately 18% to alternatives.
What is the Michigan Bureau of Investments?
The Bureau of Investments within the Michigan Department of Treasury manages the investment portfolio for all Michigan state retirement systems. This pooled approach provides scale advantages in accessing top-tier alternative investment managers.
How can GPs engage with the Michigan pension system?
GPs should contact the Michigan Bureau of Investments in Lansing. The Bureau manages alternatives for all Michigan state pension systems, so a single GP relationship can cover multiple plans. The team evaluates managers based on track record, strategy, team quality, and fee competitiveness.
