MPI estimates that SpaceX contributed nearly 40% of Yale’s FY26 investment gain, with hedge-fund ties offering clues to how Yale and Penn gained exposure.
Yale Endowment
Ivy and elite endowments did poorly in fiscal year 2023, especially relative to a global 70/30 benchmark and smaller, less resourced endowments that invest in less private markets assets/funds than those employing the ‘Yale model’.
Yale’s been cutting private equity and real estate for years to stay liquid. Did they cut too much, or did they find the right balance for FY2022?