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Private equity is a test that university endowments risk flunking
Lex專欄:大學捐贈基金可能需要告別「耶魯模式」

Elite private colleges have used the ‘Yale model’ to great success but that approach now seems questionable
精英私立大學將大筆資金投入非流動性的另類投資,取得了巨大成功,但這種做法現在似乎值得懷疑。

Call it a case of senioritis for Andrew Golden. The Princeton University endowment chief is retiring from his post after three decades. As he departs, the school’s allocation to private equity including venture capital has crept up to 40 per cent.

就當是安德魯•高爾登的畢業倦怠吧。這位普林斯頓大學捐贈基金負責人在任職30年後即將退休。在他離開之際,該學院對私人股本(包括風險資本)的配置已攀升至40%。

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