University of Michigan commits to three PE funds

The US foundation commits $126.8 million to private equity

At its April 20th meeting, the University of Michigan revealed commitments of €25 million to TDR Capital IV, $40 million to Longreach Capital Partners 3, and $60 million between the Kuramo Africa Opportunity Fund II and its co-investment vehicle.

The $11.6 billion US foundation has a 26 percent current allocation to private equity.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.