# University of Michigan

University of Michigan is a Public research university based in Ann Arbor, United States.

## Overview

- **Organization type:** Public research university
- **Headquarters:** Ann Arbor, United States
- **Region:** North America
- **Address:** Ann Arbor, MI, United States
- **Founded:** 1817
- **Assets under management:** $10B - $25B (per University of Michigan annual financial report, 2024)
- **Website:** umich.edu
- **LinkedIn:** https://www.linkedin.com/company/university-of-michigan-investments

## Regulatory record

- **Reports private funds:** No

## About

University of Michigan is a higher education institution founded in 1817 in Ann Arbor, Michigan. It offers undergraduate and graduate programs across various disciplines. The university conducts research and preserves and disseminates knowledge and art.

## Sectors

- Real Estate
- Private Equity
- Hedge Funds
- Venture Capital
- Fixed Income
- Public Equities

## People

- Geoffrey Chatas — Chief Investment Officer
- Michael J. Beemer — Executive Vice President and Chief Financial Officer

## Questions

### Who makes investment decisions at the University of Michigan endowment?

Geoffrey Chatas, Chief Investment Officer, leads the investment office. He reports to the university's Executive Vice President and CFO Michael J. Beemer and the Board of Regents. The investment committee, composed of Board of Regents members with finance backgrounds, approves asset-allocation changes and large commitments (per university governance documents).

### How does the University of Michigan endowment source deals?

The endowment sources investments through a mix of direct relationships with external managers, co-investments alongside established private equity and venture capital firms, and direct equity stakes in private companies. It also reviews opportunities presented by investment banks and placement agents. The office emphasizes long-term, relationship-driven manager selection (per university investment policy documents).

### Does the University of Michigan endowment invest directly or through fund commitments?

It employs a hybrid approach: the majority of its private market exposure comes through limited-partner commitments to external managers, but it also makes direct co-investments and holds direct equity positions in private companies. Its real estate exposure includes both fund commitments and direct property investments (per university annual financial reports).

### What investment stages does the University of Michigan endowment target?

The endowment targets a broad range of stages across its primarily private equity allocation, from venture capital and growth equity to buyout and distressed. Its absolute-return and hedge fund allocations provide exposure to event-driven and relative-value strategies. The fixed-income allocation is largely investment-grade and core-only, minimizing credit risk. This blend generates a combination of current yield, capital appreciation, and portfolio diversification.

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Last updated: 2026-06-03T20:00:00.000Z

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