Princeton, Harvard and Yale generated robust returns for their endowments in recent years, fueled in part by billions of dollars of investments in private equity and venture capital. That golden era appears to be over, at least for now.
The foundation will search for impact investments after adopting an ESG-integrated and impact investment strategy to mitigate the negative impacts of climate change.
The university will consider a real estate commitment with a new firm after disclosing follow-on commitments to existing venture capital, private equity and real estate fund managers.