University of Michigan, Ann Arbor, committed $80 million total to two alternatives funds on behalf of its $9.6 billion long-term endowment pool, meeting documents show.
UM committed $50 million to Sandton Credit Solutions Fund IV, a fund managed by Sandton Capital Partners that will target off-the-run credit investments, special-situation debt originations, and distressed debt purchases in the U.S. and Western Europe, said materials prepared for Thursday’s board of regents meeting.
UM also committed $30 million to Waterton Mining Parallel Fund, a natural resources fund managed by Waterton Global Resource Management that will target North American gold and copper mines.
