FUNDRAISING NEWS | July 17, 2024
The University of Michigan Investment Office has approved three commitments to alternatives totaling $57.75 million, according to materials from the July 18th Regents’ Meeting.
In real estate, $20 million was committed to Hackman Capital Partners Studio Fund and €2.5 million (approximately $2.75 million) was allocated to BLG Capital.
$35 million was allocated to MaC Venture Capital.
All three of these commitments represent follow-on investments to a new fund sponsored by previously approved partnerships.
As of May 31, 2024, the UoM portfolio was valued at approximately $19.9 billion, with alternative asset allocations making up 64.8%. Within the alternatives sleeve, roughly 28.1% is allocated to venture capital and 24.4% to real assets.
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Helen Bascom is a Marketing Associate at Dakota.
