Our SWFs especially Temasaek (as that Kay Poh S’porean living in Tokyo keeps reminding us) placed big chips on private equity. So it’s interesting that the FT reported that Princeton reports “a 1.7 per cent loss last year, a product mainly of private equity underperformance”.
Princeton University’s endowment, known for its aggressive bets on private equity, is facing the “worst ever environment” for the asset class as a slump in dealmaking and public listings weighs on returns, according to its outgoing chief investment officer.
Princeton endowment chief sees ‘worst ever’ private equity climate