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Colleges See Best Gains in Decades Thanks to Private Investments

  • Venture capital’s recent success has helped endowments surge
  • Several schools saw 60% returns in the year ended June 30
Michigan State University’s student union building. 

Source: Education Images/Universal Images Group/Getty Images

Soaring returns at venture capital funds juiced results across U.S. university endowments, propelling one investment for Michigan State University’s $3.9 billion fund to an eye-popping 1,000% gain. 

Universities saw their endowments swell by billions of dollars after a year which by one estimate could be the sector’s best since the mid-1980s. Powered by specific pandemic-related gains and a macro environment that’s been a boon to private investment funds, colleges are reaping returns that may not be seen again for a generation.