The $35 billion State of Michigan Retirement System, Lansing, heads a list of Michigan-based institutional investors that have committed money to the first closing of Wind Point Partners III.
The Michigan system committed $25 million to the private equity fund, which will have a Michigan focus but is not restricted to making investments within the state.
Other Michigan institutions committed a total of $91 million of the $167.5 million raised so far by Wind Point Partners, the manager of the fund.
Michigan investors include the pension funds for Chrysler Corp., MASCO Corp., Dow Chemical, Detroit Edison Co. and CMS Energy and the endowment of the University of Michigan, according to minutes of the Michigan Investment Advisory Committee.
The State of Wisconsin Investment Board, Madison, also committed to the fund, according to the minutes.