The State of Michigan Retirement System (SMRS) has committed $115 million to infrastructure vehicles managed by Energy Capital Partners and Ullico Investment Advisors.
Energy Capital Partners VI received $100 million for its closed-end, value-add strategy investing in natural gas power generation, renewables and storage solutions, midstream and environmental infrastructure. It has a maximum fund size of $7.8 billion. It held a final close in August, with $8.1 billion in capital commitments.
Energy Capital Partners V, the fund’s predecessor, closed with $4.4 billion in equity, marking an oversubscription from its initial goal of $6 billion.
Ullico Infrastructure Fund received $15 million for its goal of achieving risk-adjusted returns with significant annual cash yield and relatively low volatility through building a portfolio of equity i
