The $12.9 billion endowment for the University of Michigan in Ann Arbor is still actively allocating to alternative investments, with five add-on allocations being disclosed in advance of trustees’ May meeting.
The actual amounts of the add-on commitments were not disclosed in the memo to trustees, but the initial allocations across the five funds totaled $160 million in 2019.
The funds receiving capital included hedge fund, venture capital, natural resources and real estate investment strategies.
Hong Kong based Tybourne Strategic Opportunities is a hedge fund managed by Tybourne Capital Management . . .
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