Michigan’s bureau of investments has committed $50 million to GSO Energy Select Opportunities Fund II, managed by GSO Capital Partners, on behalf of Michigan Retirement Systems.
The pension fund was unable to comment on its investment activity.
The commitment was made as part of a $1.1 billion series of investments to 11 alternative investment funds on behalf of the $74.5 billion pension fund. Michigan Retirement Systems had an actual allocation of 9.4 percent to real estate and infrastructure.
The GSO fund is Blackstone’s credit platform and is among the largest dedicated energy-focused credit funds in the market, according to Blackstone. The fund closed in June with $4.5 billion in capital commitments, raised from a global investor base. These included U.S. state, corporate and international pension funds, financial institutions, endowments, foundations and family offices.
GSO Capital Partners is one of the world’s largest credit-oriented alternative asset managers, with approximately $115 billion in total assets under management.
