Off-the-beaten-path strategies get rewarded on fundraising trail

The University of Michigan has committed $50 million to a debut fund from Emet Capital Management earmarked for investments involving distressed real estate projects financed by municipal revenue bonds.

The move underscores the growing success emerging managers are having raising money for alternative investment strategies that don’t fall neatly into the private equity or venture capital categories but that nevertheless compete for the same dollars. Another young firm in ...

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