The City University of New York is in talks to carve out a new 10% allocation target to private equity for its $250 million endowment portfolio, said a person familiar with the matter.
CUNY is discussing the matter amid renewed interest in private equity after the robust exit market propelled some investors to double-digit returns last year. For now, the university’s investment policy doesn’t call for any dedicated proportion of its endowment funds to be in private equity. Read More »