University of Michigan, Ann Arbor, invested or committed a total of $396 million to six alternative investment strategies from its $10 billion long-term endowment pool, according to Pensions & Investments

At a meeting Thursday, university regents approved the endowment investment staff's recommendations to commit to two new managers.

A $25 million commitment was approved for Marquee Brands Partners which is managed by Neuberger Berman. 

Also approved was a $50 million commitment to OSP Value Fund, managed by O'Brien-Staley Partners. 

The largest of these investments was a $250 million investment in Bridgewater Associates' Optimal Portfolio. 

The other commitments were $35 million to Related Real Estate Fund II managed by Related Cos; $30 million to GSO European Senior Debt Feeder Fund; and $6 million to Sequoia Capital U.S. Venture Fund XV.