University of Alabama System's investment committee approved a commitment of up to $20 million to Clearhaven Fund II.
The Tuscaloosa-based university's investment committee approved the commitment to the middle-market technology-focused buyout fund managed by Clearhaven Partners at its April 13 meeting, according to a webcast of the meeting.
It is the endowment fund's first commitment to a Clearhaven fund.
Investment consultant Fund Evaluation Group assisted.
