The $12.5 billion endowment fund for the University of Michigan in Ann Arbor continues to build up its private markets’ exposure, wrapping up 2020 new fund allocation announcements.
Officials revealed four new fund allocations and a handful of add-on commitments to well-known firms.
Minneapolis-based OSP Value Fund III LP received a $40 million commitment over the summer that was reported at trustees' December meeting. OSP buys loans from motivated sellers through privately negotiated transactions. The investment firm typically purchases loans at a discount to both par and intrinsic value.
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