Yale University

Some 31% of LPs saw their private equity allocation drop between January and June – a dynamic most pronounced among foundations and endowments, according to PEI's H1 2025 Investor Report.

Swensen had run the $31bn Yale endowment's investments since 1985, and was a pioneer of the the 'Yale model' that focused heavily on alternative investments, including private equity.

The industry stepped up its diversity efforts this year, with major players setting new targets for women and minorities, hiring diversity and inclusion champions and signing onto an ambitious DEI initiative.

LPs have questions for TPG over its governance structures as the firm's second Rise Fund faces a tough road ahead. Here’s today's brief, for our valued subscribers only.

Thanks to the internet boom, venture capital has been the endowment's best-performing asset class.

The Chinese firms have pledged to revive sales of the Shenzhen-based shoe company, which has been battered by growing e-commerce platforms in the country.

Harvard Management Company, which has 16.7% of its assets in private equity, is also cutting its staff headcount by half and shifting its strategy to become a generalist, rather than specialist, organisation.

The private credit luminary will leave the firm's investment committees he currently sits on.