UMich approves $240m in commitments

The Endowment announced commitments to several private equity funds.

University of Michigan announced commitments of €55 million to EQT VIII; a commitment of $25 million to Silversmith Capital Partners II-A; a commitment of $5 million (with an option to upsize to $10 million) to H. Barton Venture Select III; a commitment of $25 million to Roark Capital Partners V; a commitment of $5 million to the CREA Partners I Co-Investment Limited Partnership; a commitment of $23 million to Battery Ventures XII, and $12 million to Battery Ventures XII Side Fund; a commitment of $50 million to Emet Municipal Real Estate Strategy Fund II. The regents also unanimously approved a commitment of €25 million from the University’s Long Term Portfolio to Kreos Capital Fund VI.

The $11.8 billion US public pension has a 28.8 percent current allocation to private equity.

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