Michigan pension fund commits $10m to Accel's seventh India fund

Photo: Colin Watts / Unsplash

The State of Michigan Retirement System (SMRS) has committed $10 million to Accel’s seventh India venture capital fund, the pension fund said in its Q1 2022 investment report.

Accel India VII was among a spate of commitments SMRS made during the quarter, which include Advent International GPE X, The Veritas Capital Fund VIII, Lightspeed Opportunity Fund II, Lightspeed Venture Partners Select V, and others.

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