Tuition-Free School’s Endowment Misses Private Equity Gains

Private equity investments are helping boost returns for some of the richest college endowments. Berea College (KY) missed out.  The private school has about 5 percent of its endowment assets in private equity. The fund posted an investment gain of 6.7 percent in the 12 months through June 30, a period when many peers with at least $1 billion are reporting double-digit performance.