Carnegie Mellon endowment posts 2.9% return for fiscal year
Carnegie Mellon University has reported that its endowment, valued at $3.1 billion, generated a net return of 2.9 percent for the fiscal year that ended on June 30.
Over the past three-, five- and 10-year periods, the endowment has returned annualized yields of 12.4 percent, 10.1 percent and 9.9 percent, respectively.
This past fiscal-year performance of a 2.9 percent gain follows a 3.1 percent loss in fiscal year 2022 and a 42.6 percent yield in fiscal year 2021.
As of June 30, 2022, 8 percent of Carnegie Mellon’s endowment was allocated toward real assets.
“IPOs and sales of companies to strategic buyers have been few and far between lately, thereby creating a void in private company realizations and keeping returns low,” said Charles A. Kennedy, Carnegie Mellon’s chief investment officer.
He went on to say, “We continue to focus our global investment strategy on opportunities to compound investment returns at attractive rates over the