University of Michigan to Invest $126 Million in Global Funds

(Bloomberg) The University of Michigan plans to invest $126 million in four funds, including one that focuses on private, mid-sized companies in the Nordic region and another that bets on Latin American agribusinesses. The school, with a $10 billion endowment as of June 30, is set to wager $30 million with AMERRA Agri Fund III, which invests primarily in secured private debt of agribusiness companies in Latin America, according to an agenda for the Board of Regents meeting on June 16. Another $35 million is earmarked for FSN Capital V LP, a private equity fund with offices in Oslo and Stockholm that will invest in companies in the region.

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