University of Michigan has approved a commitment of $50 million to the SDC Digital Infrastructure Opportunity Fund II, managed by SDC Capital Partners.
The New York–based fund manager makes opportunistic investments in the digital infrastructure market, including data centers. An equity fundraising target for the fund was not known at the time of publication.
Michigan’s commitment will come from its Long Term Portfolio (LTP), according to a document from the Board of Regents. As of Sept. 20, 2019, the LTP had a 18.7 percent to alternative illiquid assets, composed of venture capital, private equity, real estate and natural resources. The total LTP was valued at $12.7 billion.
The infrastructure commitment was approved at the Regents’ Feb. 20 meeting.