Yale University explores sale of private equity fund interests

Kanishka Singh - Reuters - 08:17
Yale University said on Tuesday it was exploring a sale of private equity fund interests and was being advised by investment banking firm Evercore.
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WASHINGTON, April 22 (Reuters) - Yale University said on Tuesday it was exploring a sale of private equity fund interests and was being advised by investment banking firm Evercore.

WHY IT'S IMPORTANT

A Yale spokesperson's statement mentioned no amount or reason for the step that comes as other universities like Harvard and Princeton have explored financial options in recent weeks due to President Donald Trump's threats to cut their federal funding.

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KEY QUOTES

"The University is exploring a sale of private equity fund interests and is being advised by Evercore in a process that has been in the works for many months," the university's spokesperson said in an emailed statement.
"We remain committed to private equity investments as a major part of our investment program and continue to make new commitments to funds raised by our current investment managers. In addition, we continue to actively seek new relationships with private equity firms in the Endowment."

BY THE NUMBERS

The value of Yale's endowment increased to $41.4 billion on June 30, 2024 ...
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