Yale University Investments Office

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Case

Reference no. 9-296-040

Subject category: Finance, Accounting and Control

Authors: Joseph B. Lerner (Harvard Business School); Jay O Light (Harvard Business School)

Published by: Harvard Business Publishing

Originally published in: 1995

Version: 30 December 1995

Length: 26 pages

Data source: Field research

Topics: Assets; Capital markets; Incentives; Investment management; Leveraged buyouts; Marketing strategy; Private equity; Return on investment; Venture capital

Share a link: https://casecent.re/p/45095

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Abstract

Yale University's investment office was responsible for managing its endowment, which totaled nearly USD4 billion in June 1995. Yale had developed a rather different approach to endowment management, including substantial investments in 'less efficient' equity markets such as private equity, real estate, and 'absolute return' investments. The investment office was now considering devoting even more of their assets to these markets.

Location:

Connecticut

Industry:

Educational services

Size:

15 employees

Other setting(s):

1995