University of Michigan approves $50m in commitments

The US endowment has backed multi-regional focused funds.

Institution: University of Michigan
Headquarters: Ann Arbor, United States
AUM: $12.30bn
Allocation to alternatives: 57.20%
Bitesize: $10m-$50m

The University of Michigan has announced a commitment of $25 million to Orion Mine Finance Fund III and a $25 million commitment to Orion Mine Finance Co-Fund III, according to the endowment’s May meeting packet.

The US endowment has a 57.2 percent allocation to alternative investments.

As illustrated below, UMich’s nine most recent private equity commitments have been to mezzanine debt, venture capital and buyout funds.

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