UMich takes $50 mln stake in Roark restaurant platform


Roark Capital, University of Michigan, pension fund, private equity, venture capital
Michigan Stadium, home of the University of Michigan Wolverines football team and nicknamed "The Big House," is photographed in Ann Arbor, Michigan, September 14, 2009. REUTERS/Molly Riley (UNITED STATES) - WASE59N12UN01
  • UMich made the investment in June
  • Roark used sidecar to close Buffalo Wild Wings deal
  • $11.6 bln endowment also commits to General Catalyst, Bernhard funds
University of Michigan’s $11.6 billion endowment took a $50 million stake in Roark Capital Group’s fast-growing restaurant platform. In June, University of Michigan committed $50 million to Roark Capital Partners II Sidecar Fund, which Axios reported was raising as much ...

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