The $16.5 billion University of Michigan endowment has selected four new investments within its venture capital portfolio in recent months and is considering another $155 million in new commitments at this month’s trustee meeting.
The four firms that received commitments earlier this year were Cresta, 8VC, Accel and Y Combinator.
Cresta received in August a $190 million allocation for an investment sponsored by the Dallas-based firm. The manager is focused on contracting and developing infrastructure projects integral to the transition to a lower carbon economy.
San Francisco-firm 8VC received . . .
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Annual subscriptions get you the most bang for your buck, including access to Alternatives Watch Research articles and out Annual Investor Compendium.
Monthly subscriptions and discounted corporate plans for up to 100 members also available.