The Michigan Office of Retirement Services (ORS) has committed $100 million to Ardian’s ASF IX Infrastructure.
This closed-end fund targets social infrastructure opportunities, globally, with a fundraising goal of $7.5 billion and an expected net internal rate of return of 12 percent to 14 percent.
The Michigan ORS, a public pension fund, had $119.4 billion in total assets under management, as of Sept. 30, 2025.
