Michigan pension fund allocates to Kayne's CLO fund

Fund
By Paola Aurisicchio
06 Apr 2021

The State of Michigan Retirement System has recently disclosed a new commitment to a CLO fund, signaling that more pension funds are turning their attention to the CLO market, attracted by its fast recovery.

The pension services for employees in the State of Michigan has approved a $100m allocation to a CLO fund managed by Kayne Anderson, the Los Angeles-based alternative investment firm.

The fund's investment update, for the period from September to December 2020, has been disclosed during the board ...

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