University of Michigan commits to two alts funds

The University of Michigan endowment committed to two San Francisco-based alternative investment funds recently.

A $25 million commitment was approved to Rubicon First Ascent, managed by Rubicon Point Partners, a boutique real estate investment company.

Rubicon's inaugural commingled fund, the offering collected a total of $232 million in its final close at the end of June. Officials have the ability to acquire up to $770 million of property investment with a focus on value-add equity investments in creative office space in urban, amenity-rich locations throughout the Bay Area and Pacific Northwest . . .

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!