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.
