Edward Mikolay joined Michigan Municipal Employees' Retirement System, Lansing, as senior investment officer of the $6.8 billion system.
In this new position, Mr. Mikolay will oversee MERS' $1.5 billion private investment portfolio, which includes private equity, real estate, real assets and venture capital, confirmed Jeb Burns, chief investment officer, in an e-mail. He will report to Mr. Burns.
Mr. Mikolay was an assistant administrator for the Michigan Bureau of Investments, Lansing, where he focused on real estate and infrastructure investments. The bureau invests the $47.8 billion defined benefit plan and the $4.7 billion defined contribution plans of the Michigan Retirement Systems, Lansing.
Mr. Mikolay's alternative investment experience “will allow MERS to expand our internal capabilities to lead more private deals, resulting in greater fee savings and alpha generation,” Mr. Burns said in a news release from the fund.
Terry Stanton, a spokesman for the Bureau of Investments, did not respond to an e-mail seeking information about Mr. Mikolay's replacement.