U.S. university endowment adds niche private equity, real estate

The $12.5 billion University of Michigan endowment portfolio added two more niche alternative investments to its long-term portfolio earlier this spring.

Trustees approved a total of $70 million in new commitments at their February meeting, according to recently released meeting minutes.

Kedaara Capital Advisors’ private equity fund based in Mumbai, India, won a $50 million commitment from the endowment. Kedaara Capital III is focused on the mid-market private equity market in India and plans to invest in control or significant minority stakes in mature middle-market businesses and select smaller, high-growth . . .

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

Related Articles

Back to top button

Get our daily news digest
in your inbox

Our FREE mailing list brings you daily alts intel.

Thank you for subscribing.

Something went wrong.