Michigan Endowment Adds Venture Capital, Real Estate Commitments
- University plans to back natural-resources fund CD Capital
- Endowment's venture capital bets returned 24.5% in 2015
This article is for subscribers only.
The University of Michigan’s endowment has bolstered its alternative assets with more than $100 million in commitments to venture capital and real estate funds.
Michigan also plans a new commitment of $50 million, subject to approval, to CD Capital Natural Resources Fund III, a London-based pool that will invest in early-stage mining opportunities, according to the agenda for the Board of Regents meeting on April 21.