Pension Fund

Updated:

State of Michigan Investment Board

The State of Michigan Investment Board manages public defined-benefit pension assets. Board members include Rachael Eubanks as chair along with Denise Ilitch,...

State of Michigan Investment Board logo

State of Michigan Investment Board

The State of Michigan Investment Board manages public defined-benefit pension assets. Board members include Rachael Eubanks as chair along with Denise Ilitch, Reginald Sanders, and Dina L. Richards. Allocations span commercial and residential real estate through Lone Star Real Estate Fund, Avanath Multifamily Vehicle, Transwestern Strategic Partners Fund IV, and Principal Real Estate Investors Fund. Additional exposures include global infrastructure, a passive commodities portfolio, ARK 21Shares Bitcoin ETF, and Grayscale Ethereum Trust. Geographic reach covers the United States and international markets. The board structure draws members with ties to other Michigan institutions, including the W.K. Kellogg Foundation and Trinity Health. No additional offices or adjacent vehicles are recorded in available data.

General information

Firm type

Pension Fund

Location

Region

North America

Country

United States

City

East Lansing

Corporate office

East Lansing, United States

Principals

Rachael Eubanks

Chair

Denise Ilitch

Board Member

Reginald Sanders

Board Member

Dina L. Richards

Board Member

Sector focus

Real EstateInfrastructureCommodities

Frequently asked questions

Who chairs the State of Michigan Investment Board?

Rachael Eubanks serves as chair and is also Michigan State Treasurer.

What asset classes appear in the portfolio?

Holdings include commercial real estate, multifamily residential, mixed-use properties, infrastructure, commodities, and cryptocurrency ETFs.

Does the board commit to external funds or hold direct assets?

The portfolio includes commitments to external vehicles such as Lone Star Real Estate Fund and Principal Real Estate Investors Fund.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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