State of Michigan Investment Board | State of Michigan Awards Financial Services Contract to Apollo Asset-backed Finance Fund LP (March 2026)
State of Michigan Investment Board | State of MichiganState · East Lansing, MI- Disclosed value
- $500 million
- From report
- Awarded
- Mar 25, 2026
The 30-second brief
The State of Michigan Retirement System made a $500 million commitment to Apollo Asset-Backed Finance Fund, LP during the quarter ended December 31, 2025. Apollo Capital Management manages the absolute-return investment.
Apollo Asset-backed Finance Fund LP holds this financial services contract with State of Michigan Investment Board | State of Michigan.
Term as filed: October 1, 2025 – December 31, 2025 commitment quarter.
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Contract details
- Contract type
- Financial Services
- Amount
- $500 million
- Document date
- March 25, 2026
- Term
- October 1, 2025 – December 31, 2025 commitment quarter
- Vendor
- Apollo Asset-backed Finance Fund LP
- Source document
- Michigan Department of Treasury Report Quarterly Investment Review 2026-03-25 (Report)
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Questions about this contract
Who was awarded the financial services contract by State of Michigan Investment Board | State of Michigan?
Apollo Asset-backed Finance Fund LP was awarded this financial services contract by State of Michigan Investment Board | State of Michigan, as recorded on March 25, 2026. The contract value is $500 million.
How much is the Apollo Asset-backed Finance Fund LP contract with State of Michigan Investment Board | State of Michigan worth?
The Apollo Asset-backed Finance Fund LP contract with State of Michigan Investment Board | State of Michigan is valued at $500 million, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in Michigan Department of Treasury Report Quarterly Investment Review 2026-03-25 (Report), dated March 25, 2026 from State of Michigan Investment Board | State of Michigan. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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