UMich announces $42m in commitments

The US endowment has backed North America and Western Europe focused funds.

Institution: University of Michigan
Headquarters: Ann Arbor, United States
AUM: $12.24bn
Allocation to alternatives: 69.10%
Bitesize: $50-100m

University of Michigan revealed commitments of $34 million to Niam Nordic VII and $8 million to Magna Hotel Fund VI Co-Investment I.

The $12.24 billion US endowment has a 70.6 percent allocation to alternative assets, of which 10.1% is allocated to private real estate.

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