Investing

Ivy League Endowments Brace for Losses With Private Equity Values Tumbling

Princeton, Harvard among those with big private equity stakes
A stark reversal from 2021, when endowments posted fat returns

Harvard Yard at the Harvard University campus in Cambridge, Massachusetts.
Photographer: Adam Glanzman/Bloomberg

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By Janet Lorin, Hema Parmar, and Dawn Lim

July 20, 2022 at 2:45 PM UTC

This article is for subscribers only.

Princeton, Harvard and Yale generated robust returns for their endowments in recent years, fueled in part by billions of dollars of investments in private equity and venture capital.

That golden era appears to be over, at least for now.