Yale is running to sell billions in PE Fund

Yale University’s famous settlement is trying to close one of the largest portfolio of private equity investment in the same sales, a step that reflects pressure on both wall street and higher education under the Trump administration.Ivy League School has demanded buyers up to $ 6 billion in stakes in private equity and venture funds, according to three people on the sales process, uncertainty and reality that many of these investments have not given the expected returns to Yale.Yale is close to completing the sale of about $ 3 billion portfolio and selling property at a minor discount, one of the people said. “It’s a great thing,” said Sandeep Dahiya, a professor of finance at the University of Georgetown, who has researched the display of settlement. “The investor who was the leading architect of investing in private equity markets is pulling into his horns.”For decades, Yale has been considered as a leading to transfer its investment away from shares and bonds in long -term holdings managed by private equity and VC firms. But last year, Yale’s $ 41 billion settlement generated a return of only 5.7%, by reducing S& and other major sequences. Yale said that its 10 -year return average is 9.5% annually.Private equity investment usually generate cash for endowments and other investors when they sell or make public to companies in which they have invested.