University of Michigan approves $110m in commitments

The US public university has backed a diversified group of three real estate funds.

Institution: University of Michigan
Headquarters: Ann Arbor, United States
AUM: $11.81bn
Allocation to alternatives: 69.10%
Bitesize: $50-100m

The University of Michigan has committed $10 million to Zell Equity International VI Andean Tower Partners Co-Investment, $50 million to Carmel Partners Fund VII and $50 million to KHP Fund V. Zell Equity will use capital raised to fund what will be the largest Andean private tower company, while Carmel Partners will use its seventh fund to invest in multi-family properties throughout the United States. With its fifth vehicle, KHP will redevelop North American hotels.

The $11.81 billion state university has a 9.10% allocation to real estate.

As illustrated in the charts below, the University of Michigan has made commitments to four real estate funds launched in 2018. The University has a global appetite for funds across all strategies.

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