Dartmouth College reached $4.5 billion mark in Endowment on June 30, after the value of the endowment accumulated through decades of donations and investments.

“Strong equity markets drove endowment returns, but the portfolio benefited particularly from excellent performance within private asset classes,” Pamela Peedin, an alumnus of Dartmouth and the Tuck School of Business, who is the chief investment officer, said in a release announcing the results.

The release heralded a 19.2 percent return on endowment investments that surpassed the 15.3 percent return of a benchmark portfolio comprising 60 percent equities, or stocks, and 40 percent bonds.

Justin Anderson, a college spokesman, said that $1.6 billion, or 36 percent of the endowment, was “invested in private investments.”

Dartmouth pursues an investment strategy that aims to achieve returns sufficient to cover spending and offset inflation without taking on excessive risks. “Historical averages indicate that an annual return between 8 percent and 10 percent is needed to meet this goal,” according to the college’s audited financial statement for fiscal 2013. In fiscal 2014, Dartmouth tapped the endowment for 20 percent of the revenue for its operating budget. The inflation rate during that period was 2.1 percent.

Source: Valley News

 

Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Dartmouth College, Endowment, Donations, Investments, Justin Anderson.

{ 0 comments }

The University of California, a public university system in the U.S. state of California, announced it has set up UC Ventures, an independent $250 million fund for investments in UC, according to the WSJ’s Erica Phillips reports.

The effort is part of an overall trend toward increased entrepreneurism arising from campus research. Stanford and other universities have created incubators and accelerators.

But the shift to a more entrepreneurial approach on campuses hasn’t enjoyed unanimous support. Some faculty members have expressed concern that such investment activity favors certain departments over others and fosters a competitive, market-driven atmosphere that isn’t conducive to pure academic research, the WSJ reports.

Other groups are using university entrepreneurial ties to raise their own funds, too. Venture Capital Dispatch reports that a group of Dartmouth alums is raising a fund, Green D Founders Fund, which will pool money from up to 40 Dartmouth alumni and back 12 to 18 startups whose founders or managers have a Dartmouth connection. As more university students–and faculty–see college as the place to launch startups, investor interest in places of higher learning figures to increase.

Source: Wall Street Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, University of California, California, UC, UC Ventures, Erica Phillips, Stanford, Venture Capital Dispatch, Green D Founders Fund.

{ 0 comments }

GovTech Fund Invests into Government-Focused Startups

September 15, 2014

A California-based newly-formed $23 million venture capital fund Govtech Fund announced it has already invested in four companies. Over the past 15 months or so, a California-based venture capital fund has been quietly raising millions of dollars for a handful of technology startups designed to make the government work more efficiently. It’s called the GovTech […]

Read the full article →

Nomura Forms Private Equity Joint Venture in Shenzhen

September 12, 2014

To conduct a private fund business in the Qianhai Economic Zone in Shenzhen, China, Nomura Asset Management, a Tokyo-based asset management firm, announced it has established a joint venture with Shenzhen Hua Xia Ren He Capital Management Co., Ltd. Tokyo-based Nomura Asset Management becomes the first overseas money manager outside of Hong Kong to get […]

Read the full article →

Moelis Capital Sells Energy Surveying Company to Norwest Equity Partners

September 11, 2014

Moelis Capital Partners, a middle market private equity firm founded in 2007, has sold Energy Surveying Company to Norwest Equity Partners, a leading investment firm with unique middle market investment experience, terms of the deal were not disclosed. Minneapolis-based Norwest typically targets equity investments of between $30 million and $150 million at a time, and […]

Read the full article →

UniCredit is Selling Fund Stakes to Ardian

September 10, 2014

The premium independent private investment company Ardian announced it has agreed to buy a $1.3 billion (€1 billion) portfolio of private equity fund stakes from UniCredit SpA, three people told Bloomberg. Ardian outbid several other parties who had made offers for the holdings, which are mostly made up of positions in European buyout funds and […]

Read the full article →

The Launch of Salesforce1 Fund

September 9, 2014

The Salesforce1 Fund, a $100 million pool of money earmarked for start-ups creating apps for mobile phones, has been launched by Salesforce.com Inc., a global cloud computing company headquartered in San Francisco, California. And specifically, the money that it pours into new developers is to help make sure that they create programs that work on […]

Read the full article →

GenNext Ventures Teams up with Microsoft to Boost Innovation among Startups

September 8, 2014

GenNext Ventures, India-based venture investment management arm of Reliance Industries Ltd (RIL) announced it has teamed up with Microsoft Ventures to fund and mentor startups in the subcontinent. GenNext Ventures and Microsoft Ventures have signed a three-year partnership that will look to mentor and offer technical advice to startups in the programme. “The entire issue is […]

Read the full article →

Social Impact Investment Needs Venture Capital-Style Support Says Sir Ronald Cohen

September 5, 2014

Sir Ronald Cohen, known as “the father of British venture capital” and “the father of social investment” told the governments need to provide venture capital-style support to social impact investment to help it bloom. Speaking to the Thomson Reuters Foundation during the social capital markets conference SOCAP, Cohen said, “We’re in a world where there […]

Read the full article →

Canada’s Private Equity and Venture Capital Sectors Reflect Growth in Q2, 2014

September 4, 2014

Private equity and venture capital sectors in Canada both revealed significant year over year growth in terms of capital invested and companies invested in during the second quarter of 2014. For the private equity sector, investment activity increased fivefold over the same period last year, while for the venture capital industry the growth was a […]

Read the full article →