It is that time of the year again when PE performance at US endowments of college and universities is reported by the National Association of College and University Business Officers-Commonfund. Its survey of 832 higher education institutions in the US revealed that PE, which includes buyout and mezzanine funds, delivered net of fee returns of 16.5% (amongst endowments larger than USD one billion).
This figure is an improvement over last year’s 9.1%. (See table above for more information). Venture capital returns were outstanding for 2014, rising to 23.3% in the latest fiscal year, from 6.1% the year before, as were returns from natural resource and energy rose in the latest fiscal year to 15.3%, from 4.7%. It is worth noting that the report also revealed that returns from both domestic and international equities were higher than PE returns.