VC assets accounted for 19% of Yale’s endowment portfolio by June 2018 compared with 13.7% four years previously, as resources shifted away from leveraged buyouts and real estate.
Yale University’s endowment increased the proportion of its portfolio held in VC assets to 19% in June 2018 from 17.1% at the end of the previous fiscal year, according its annual investment report.
The share of the $29.4bn endowment held in VC has climbed substantially compared with the 13.7% reported in 2014.
VC assets performed solidly for Yale over the past 20 years, registering a 24.6% time-weighted return when adjusting for statistical variations resulting from the internet boom.
