Stanford University has raised its private equity allocation target by 11 per cent, according to its latest annual report.
The Stanford Management Company has set its long-term allocation target for private equity at 23 per cent, up from 12 per cent a year earlier, while the public equity target was reduced to 25 per cent from 37 per cent previously.
Other changes included a five point increase in the natural resources target to 12 per cent and an eight point reduction in the real estate target to eight per cent.
Stanford reported that its portfolio posted real returns of 10.8 per cent and 9.8 per cent for the past one year and three year periods.
As at the end of June last year, the Stanford Management Company had $21.9bn under management.
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