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耶鲁大学接近达成协议,将出售至多25亿美元私募股权,折价预计低于10%
Hua Er Jie Jian Wen·2025-06-05 00:32

Group 1 - Yale University is preparing to sell up to $2.5 billion in private equity assets in the secondary market as part of a significant reallocation of its $41 billion endowment fund under CIO Matt Mendelsohn's leadership [1] - The sale, referred to as the "Gatsby Plan," is expected to have an overall discount of less than 10%, despite some assets being valued with discounts as high as 15% [1] - This transaction is anticipated to be one of the largest secondary market deals of the year and could set a historical high for the market [1] Group 2 - The "Yale Model," pioneered by the late David Swensen, revolutionized endowment fund investment strategies by increasing exposure to illiquid and complex investments such as hedge funds, venture capital, and private equity [2] - As of June 30, Yale University held over $10 billion in both leveraged buyout and venture capital funds, reflecting a significant commitment to alternative investments [2] - The university has been considering asset sales for over a year, aiming to reduce holdings in dozens of funds and clear out older positions, with potential buyers including Lexington Partners and HarbourVest Partners [2]