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UMich announces $188m in commitments

The U.S. endowment has backed two Asia and two Europe focused funds.

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Institution: University of Michigan
Headquarters: Ann Arbor, United States
AUM: $12.24bn
Allocation to alternatives: 70.60%
Bitesize: $10-50m

University of Michigan revealed commitments of $50 million each to Bain Capital Asia Fund IV, Summa Equity Fund II and Abax Asian Structured Private Credit Fund III and $38 million to Primary V.

The $12.24 billion US endowment has a 70.6 percent allocation to alternative assets, of which 28.0% is allocated to private equity. So far in 2019, UMich has committed $261 million to private equity.

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