University of Michigan places more than $400m across alt offerings in Q4

The $12.7 billion endowment fund for the University of Michigan continues to steadily add to its alternative asset pool, with a good number of new private equity and absolute return investments in this quarter.

The latest investment is a niche property allocation. At the trustees' December 5 meeting, officials will consider a $50 million allocation to Vendera Resources IV-B, a Dallas, Texas-based manager that invests primarily in mature, producing oil and gas properties in the US.

Founded in 2011, Vendera manages roughly $400 million in assets and is raising its second institutional . . .

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.

Get started

Back to top button

Start Your Days in the Know

 

Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!