Private equity is helping to boost the returns of college endowments across the country – which helps these schools support students and educators. According to Bloomberg’s recent reporting on 2018 fiscal year returns:
“Some of the best-performing endowments this year have reported gains driven by private equity and venture capital, which is boosting the case for active management.”
Michigan State University
Michigan State University posted an 11.1 percent investment gain in fiscal 2018, boosted by private equity, venture and real estate portfolios, “which handily beat their public market counterparts,” Chief Investment Officer Philip Zecher said in an email.
- “Private Equity Helps Drive College Endowment Returns” (September 26, 2018)
University of Pennsylvania
“Returns across equity-oriented asset classes were strong, with private equities producing particularly notable performance,” the University of Pennsylvania said in the statement.
- “University of Pennsylvania Gains 12.9% Fueled by Private Equity” (September 27, 2018)
Yale University, the second-largest endowment in higher education, posted a 12.3 percent investment gain on the strength of its alternative investments.
- “Yale Posts 12.3% Gain as Endowment Reaches Record $29.4 Billion” (October 1, 2018)