University Endowments Mint Billions in Golden Era of Venture Capital
- Date: 29-Sep-2021
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:Middle East
University Endowments Mint Billions in Golden Era of Venture Capital
Large college endowments have notched their biggest investment gains in decades, thanks to portfolios boosted by huge venture-capital returns and soaring stock markets.
The University of Minnesota’s endowment gained 49.2% for the year ending June 30, while Brown University’s endowment notched a return of more than 50%, said people familiar with their returns, which aren’t yet public.
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