The University of Michigan’s model portfolio weight to private equity is 12 percent of its $6.2 billion portfolio. Its actual allocation was 15.5 percent as of February, according to a spokesperson.
Its latest commitment continues a run of pledges to international funds. Last year, the university committed $32 million to London-based private equity firm
From its commitment to
SAIF Partners, which has offices in Hong Kong and Beijing, China, as well as in Hyderabad, India, plans to invest mainly in expansion-stage, established businesses in China and India that, for the most part, have positive revenue growth, generate positive cash flow, and provide sought-after goods and services in rapidly growing domestic markets, according to a board document. Industries of interest include ones benefiting from rapidly rising local consumption, including financial services, retail and distribution, health care, agribusiness, education and business services