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Yasuyuki tomita japan science and technology agency
The Japan Science and Technology Agency's university endowment will initially rely on gatekeepers until it has enough internal resources to invest directly, PE head Yasuyuki Tomita tells PEI.
Tokyo Japan HarbourVest endowment fund university
The $87bn university endowment is tasked with generating returns to help fund Japanese science and tech research.
David Swensen.
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.
boston
Michael McGirr takes over the programme just as its target is being raised and more commitments are planned for 2021.
Harvard University at night
The $41.9bn endowment has made progress in growing its private equity portfolio while shedding older illiquid assets that have weighed on performance.
The move comes as a wave of activist pressure sweeps up against major LPs.
Harvard University at night
Top-decile institutional investors had a median allocation of 40% or more in private investments, according to Cambridge Associates research.
Two-fifths of the investors said fees are a greater concern than ever due to more muted return expectations, according to NEPC data.
In this three-minute video, fundraising rainmaker Warren Hibbert describes the market forces conspiring to strangle some fundraises and push others over the line.
The tax reform law hits these institutional investors and could lead to long-term consequences.
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