Large Endowments Hold Steady With Private Market Allocations
Despite emerging headwinds for higher-education institutions, these long-term investors are staying true to what they know.
Despite emerging headwinds for higher-education institutions, these long-term investors are staying true to what they know.
The meager 2.3% return from the Quebec pension fund’s private equity portfolio fell well short of the benchmark’s 12.6%.
The $57 billion endowment slashed its holdings in Amazon, Microsoft, Bitcoin and Nvidia, while raising its stakes in Alphabet and Taiwan Semiconductor.
Limited partners have questions about their managers’ quest for new sources of capital.
U.S. corporate debt and stocks, along with gold, are among the least attractive assets for managers over the next five years, according to Nickel Digital Management.
Additional retail and retirement-plan demand are expected to broaden distribution of private markets, but they will also bring scrutiny and comparisons to public markets.
Such investors have become among the ‘most assertive forces in global dealmaking.’