Publications
Publications
- December 1997 (Revised September 1998)
- HBS Case Collection
Yale University Investments Office: November 1997
By: Josh Lerner
Abstract
David Swensen, chief investment officer at Yale University, reviews the $6 billion endowment strategy, which places an unusually heavy emphasis on private equity and other illiquid securities. Changing market conditions in November 1997 cause him to rethink historically successful approaches. A rewritten version of an earlier case.
Keywords
Change; Private Equity; Financial Liquidity; Investment; Marketing Strategy; Strategy; Education Industry
Citation
Lerner, Josh. "Yale University Investments Office: November 1997." Harvard Business School Case 298-077, December 1997. (Revised September 1998.)
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