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Texas, Virginia Universities Post Double-Digit Endowment Gains

  • Flagship schools in Texas, Kansas post returns topping 10%
  • Virginia’s endowment rises 11.4% to a record $9.5 billion
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Photographer: Greg Stohr/Bloomberg

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Flagship public universities in Texas, Virginia and Kansas reported double-digit gains, driving U.S. endowments to reach record values.

It’s shaping up to be a second year of strong performance for many endowments, with a number of funds attributing the boost to alternative investments such as private equity and venture capital. Most college funds end their fiscal year on June 30 and report results in the fall as they receive performance updates on private investments.