The University of Michigan has announced $209m of capital commitments for a range of alternative assets vehicles.
The university announced the commitments in documents for the Board of Regents’ monthly meeting.
Argentina-based Kaszek Ventures has secured a $40m commitment for its Kaszek Ventures IV and Kaszek Ventures Opportunity I funds. The firm is focused on seed- and early-stage deals across Latin America.
The UoM committed £30m to Cresta Fund Management’s mid-market infra fund, Cresta Energy Easton Co-Invest I.
The university has also unveiled follow-on commitments to three funds previously approved, made in February and January.
In January, Castleforge Partners received a £35m commitment for its real estate fund for the small office and mixed-use real estate, CIP III.
The UoM also committed $50m to HighVlsta Strategies’ biotech fund, HighVista HFS Partners, which will focus on managers that invest in biotech stocks.
SSG Capital Partners V, a direct lending fund managed by SG Capital Management bagged $50m commitment.
The Hong Kong-based fund will invest in structured credit across Asia in countries such as China, India, and Indonesia.
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