The endowment at Harvard University grew to $19.2 billion in the fiscal year ended June 30, thanks to a 32.2 percent return in its private equity investments, the Associated Press reported Sept. 22.
Investment gains and donations added nearly $5 billion to the endowment, the largest university endowment in the U.S.
Private equity investments alone – the purchase of privately negotiated pieces of companies – grew 155 percent. Those investments were led by venture capital – buy stakes in rapidly growing startups – that grew 400 percent.
Harvard, which manages 65 percent of its money in-house through Boston-based Harvard Management Co., said its U.S. stocks grew 22 percent, compared to 7.3 percent for the Standard & Poor’s 500 index.
Harvard’s results for the year were its best since 1983.
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