Institution: University of Michigan
Headquarters: Ann Arbor, United States
AUM:Â $12.1bn
Allocation to alternatives: 48.7%
Bitesize:Â $50-100m
University of Michigan announced commitments of $50 million each to Turner Multifamily Impact Fund II, Phoenix Asia Real Estate Investments Vl and SSC VI.
The $12.1 billion US endowment has a 48.7 percent allocation to alternative assets of which 10.3% is bucketed to private real estate.
As illustrated below, University of Michigan has made five commitments to real estate funds, which combined constitute $192 million.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.