Case | HBS Case Collection | December 1995 (Revised December 1995)

Yale University Investments Office

by Josh Lerner and Jay O. Light

Abstract

Yale University's investment office was responsible for managing its endowment, which totaled nearly $4 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.

Keywords: Assets; Private Equity; Investment; Investment Return; Management; Markets; Strategy; Education Industry;

Citation:

Lerner, Josh, and Jay O. Light. "Yale University Investments Office." Harvard Business School Case 296-040, December 1995. (Revised December 1995.)