FUNDRAISING NEWS | June 25, 2024
The University of Michigan Investment Office has approved six investments to alternatives totaling $428 million, according to materials from the June 20th Regent’s meeting.
In private equity, $192 million was allocated to Alatus Capital and $73 million to Kedaara Capital I.
Within venture capital, $10 million was committed to MaC Venture Capital and $3.1 million to First Round Capital.
Additionally, in real estate, $100 million was committed to Related Real Estate Fund.
$50 million was committed to Boothbay Fund Management, a market-neutral multi-strategy.
As of December 31, 2023, the University allocates approximately 64.1% to alternative assets, broken out as 26.4% to venture capital, 12.9% to private equity, and 24.8% to real assets.
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Helen Bascom is a Marketing Associate at Dakota.
