University of Michigan approves $50m commitment

The US endowment has backed a North America focused fund.

Institution: University of Michigan
Headquarters: Ann Arbor, United States
AUM: $12.30bn
Allocation to alternatives: 57.20%

The University of Michigan has announced a commitment of $50 million to Related Real Estate Fund III, according to the endowment’s May meeting packet.

The US endowment has a 57.20 percent allocation to alternative investments of which 11.80 percent is dedicated to real estate.

As illustrated below, UMich’s five recent commitments to private real estate were made to value-add and opportunity funds.

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