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UMich announces $73m in commitments

The US endowment has backed North America and Western Europe focused funds.

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Institution: University of Michigan
Headquarters: Ann Arbor, United States
AUM: $12.24bn
Allocation to alternatives: 69.10%
Bitesize: $50-100m

University of Michigan revealed commitments of $34 million to Investindustrial Fund VII, $27 million to Bain Capital Venture Fund 2019 and $12 million to Bain Capital Venture Co-investment Fund II. 

The $12.24 billion US endowment has a 70.6 percent allocation to alternative assets, of which 28.0% is allocated to private equity.

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