US public colleges expand PE investments despite downturn

FINANCIAL TIMES / BY SUN YU

This article is reserved for Financial Times subscribers. It describes how some public universities plan to expand private equity investments and quotes our founder Hunter Lewis:

“Hunter Lewis, [ co-] founder of Cambridge Associates and a co-inventor of a private asset-focused investment model, said it would  ‘…be a mistake” for public endowments to increase exposure to PE…. I don’t think we are anywhere close to the bottom of private equity.’”