The Chief of Princeton's endowment has described the current private equity climate as the 'worst ever', highlighting concerns over the sector's outlook. This sentiment is echoed by PGIM's CEO, David Hunt, who anticipates a 'shakeout' in the private credit market. The challenging environment is particularly significant for university endowments, which have heavily invested in private equity, following the 'Yale model'. The Princeton endowment head now regrets the 40% allocation to private equity, indicating a potential reevaluation of investment strategies amid these market conditions.
Private equity is a test that university endowments risk flunking Elite private colleges have used the ‘Yale model’ to great success but that approach now seems questionable via @FT #PrivateEquity https://t.co/pgRVm7CEPe
PGIM Chief Executive Officer David Hunt said the private credit market is headed for a “shakeout” https://t.co/clfn1QmzfQ via @markets
PGIM Chief Executive Officer David Hunt said the private credit market is headed for a “shakeout” https://t.co/4vzCNZh0LZ
Not a great ad for private-equity backed companies going public https://t.co/P7kt4iZGIr
Princeton endowment head says 40% allocation to PE was, in retrospect, not his best idea: https://t.co/6RGwurDzCP https://t.co/F5SAGPPXdv
Princeton endowment chief sees ‘worst ever’ private equity climate https://t.co/YVYVSWCMli
Princeton endowment chief sees ‘worst ever’ private equity climate, via @FT #PrivateEquity https://t.co/q7kSqwgUYF