Oxford’s endowment fund has increased its exposure to private equity from 8% in 2012 to 18% this year, according to the £1.7bn ($2.66bn) fund’s annual report.
The increase comes despite an attack on the private equity industry by the endowment fund’s CEO Sandra Robertson in 2012, who said: “Why on earth as a rational investor would I allocate blindly to private equity? We need proof that the time and resources required to invest is worthwhile.”
The report indicates that the endowment’s private equity investments returned 25.4% last year.
