TLDR:
- University of Michigan’s $20 billion endowment portfolio added three new alternative investment funds, including venture capital strategies.
- The endowment already has $5.5 billion in venture capital, which saw gains of 9.42% in the first quarter of 2024.
In a recent move, the University of Michigan’s $20 billion endowment portfolio has added three new alternative investment funds, including venture capital strategies. The endowment, which already has $5.5 billion allocated to venture capital, saw gains of 9.42% in the first quarter of 2024, as reported in investment performance reports shared with trustees.
The largest allocation was made to an early-stage venture capital firm, showcasing the University’s continued interest in diversifying their investment portfolio and exploring opportunities in the alternative investment space. This move comes as part of the University’s strategy to enhance returns and manage risk effectively.
Among the funds added to the portfolio was MaC Venture Capital, a venture capital firm focused on investing in early-stage startups. This addition reflects the University’s commitment to supporting innovative and high-potential companies in their growth stages, aiming to generate attractive returns over the long term.
Overall, the University of Michigan’s decision to add these three new alternative investment funds illustrates their proactive approach to investment management and willingness to explore opportunities beyond traditional asset classes. By diversifying their portfolio and tapping into the potential of venture capital strategies, the University aims to further optimize their returns and position themselves strategically in the evolving investment landscape.
