Michigan Endowment Adds to Bets on Private Equity, Real Estate | Bloomberg L.P.
july 18th, 2016
The University of Michigan’s $10 billion endowment added to its investments in venture capital, private equity and real estate as it struggles to recover from losses.Michigan invested $177 million in commitments mostly to the private funds, with $45 million going to two energy pools, according to the Board of Regents agenda for its meeting Thursday. The marketable securities portfolio, which makes up 58 percent of the endowment, lost 2.7 percent in the fiscal year through May 31.
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