Detroit Edison committed $39 million to mezzanine debt managers as part of its alternative investment program, said Allen W. Anning, director, trust fund management. They are: $5 million each to Peninsula Capital and Northstar Seidler; $15 million to Hancock Mezzanine; and $14 million to Capital Resources. Funding came from temporary investments. The $1.4 billion defined benefit plan also hired Mount Lucas Management to run $35 million in managed futures.
Detroit Edison committed $39 million to mezzanine debt managers as...
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