Cash-Strapped US Colleges Look to Ease Private Equity Pain
Secondary markets offering greater liquidity but ‘erratic’ pricing
The Segal Visitors Center stands on the campus of Northwestern University in Evanston, Illinois, U.S.
Photographer: Christopher Dilts/Welcome to Going Private, I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we bring you news of a legal development that has drawn the ire of Apollo’s Athene, some sobering numbers on private versus public outperformance and the role of private credit in the dying days of auto parts firm First Brands.
But first we look at how some top US universities are turning to secondary markets to offload PE exposures. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net