Michigan Endowment to Invest in Y Combinator, Litigation Fund

By Janet Lorin

• University also seeks to commit $130 million to Toronto fund

• Finance chief touts potential to generate meaningful returns

[caption id="attachment_61670" align="aligncenter” width="647"][Image "" (src=https://biglawbusiness.com/wp-content/uploads/2017/12/1000x-1.jpg)] Photographer: Bill Pugliano/Getty Images North America[/caption]

The University of Michigan plans to bolster its portfolio with a $100 million investment in startup accelerator Y Combinator and stakes in other vehicles that aren’t tied to financial markets, including a British litigation fund.

The school will consider more than $300 million of investments in new funds at its Board of Regents meeting later this week, according to an agenda published Monday. The endowment ...