UMich approves $100m in commitments

The U.S. endowment has backed Asia and North America focused funds.

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

University of Michigan (UMich) has revealed commitments of $50 million each to Abax Asian Structured Private Credit Fund III and Napier Park ELM series III.

The $12.24 billion US endowment has a 70.60 percent allocation to alternative assets. So far in 2019, UMich has committed $100 million to private debt funds.

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