Stanford University Confirms Secondary Ambitions
Stanford Management Co., investment manager for the Stanford University endowment, confirmed that it is considering a secondary sale of up to $1 billion of its private equity portfolio (plus related unfunded portions, pro rata). As peHUB previously reported, Stanford does not plan to sell majority stakes in its partnerships, but rather minority positions that would enable it to maintain relationships with its general partners. Cogent Partners is managing the process, although is not identified by name in the Stanford statement.
22 October 2009•2 mins read
