University of North Carolina at Chapel Hill has committed $9 million to three venture capital managers, said Mark Yusko, chief investment officer. It gave $3 million each to U.S. Venture Partners, Sevin Rosen Funds and Foundation Capital. It also committed $5 million to buyout firm The Audax Group. Funding will come from the $900 million endowment’s cash reserves.
University of North Carolina at Chapel Hill has committed $9 million...
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