Michigan University reveals investments into three funds totalling $60m.
Michigan University has made investments into three funds amounting to $60m, according to a letter from the institution’s regents.
In September, Michigan backed private equity fund Roark Capital Partners IV with $40m. The fund will look to invest in ‘middle-market’ opportunities across the US and Canada, with a focus on the consumer and environmental sectors.
In the same month, the institution backed Sequoia Capital’s fifth China venture fund, committing $5m. The US-based venture firm will use the fund to…
