Yesterday evening I reported that the University of Michigan wrote a $75 million check to a new fund from Sam Altman’s venture capital firm earlier this year—the second check the university has written to funds managed by OpenAI CEO Sam Altman’s venture firm, Hydrazine Capital.
This new fund, his venture firm Hydrazine Capital’s fourth fund, was disclosed to the Securities and Exchange Commission in March, and sometime before the end of June got a check from one of Silicon Valley’s more noteworthy limited partners, the University of Michigan’s $17.9 billion endowment, which has also invested directly in OpenAI and in OpenAI’s corporate venture fund, according to public filings and documents obtained by Fortune via a Freedom of Information Act request.
