Endowments

The system's process marks the latest instance it has sought liquidity in the secondaries market.

In today's edition, Another large LP bemoans PE's underperformance; A net-zero rethink could catalyse climate investing; Pantheon taps a Japanese LP.

Joined by global peers, Mike Lazorik of Texas TRS tells delegates at PEI Group's NEXUS 2026 event that LP-GP alignment ‘has never been more complicated.’

Two reports released in the last month show university endowments are in generally strong financial condition, even as Princeton looks to cut its return expectations.

Public pension funds were the most active in reducing their exposure, with almost a third scaling back their allocations, according to PEI's full-year 2025 Investor Report.

European governments have sharply ramped up defence budgets this year, leading to LPs and GPs alike undergoing a mass sentiment shift in favour of the sector.

Howard's endowment saw assets double under Dr Wayne Frederick's tenure as system deployed a windfall of cash from earmarked federal grants.

The PE portfolio's growth in FY2025 appears to be its largest jump since FY2021.