Investors - NOVEMBER 24, 2015

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University of Michigan commits $52m to real estate

by Zoë Wolff

The Regents of the University of Michigan have committed $52 million to two real estate funds, according to recent meeting documents.

The $9.8 billion endowment fund committed €25 million ($27 million) to Niam Nordic VI. The opportunistic fund focuses on commercial and residential real estate properties in the Nordic region and is targeting €500 million ($567.5 million) in equity commitments. The California State Teachers’ Retirement System and the San Francisco Employees’ Retirement System have made commitments to the fund recently.

The endowment also committed $25 million to KHP Fund IV. The fund, managed by KHP Capital Partners, will acquire, renovate and operate bouti

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