University of California Sees Assets Under Management Jump $7.4 billion in a year; PE a stellar performer

September 17, 2019 | Private Equity
https://dailyalts.com/wp-content/uploads/2019/09/university-1014249_1920-uc-endowment.jpg

The University of California saw AUM grow to $ 126.1 billion as of June 30, 2019

The University of California has seen its AUM jump by $30 billion over the last five years.

The highlight of the University’s investment performance for the year was the impressive return of 27.4% achieved by the Private Equity asset class in the Endowment product, pushing its value up 8.24%.

UC Investments by asset class and product

The aggregate amount of $ 126.1 billion includes the following asset classes:

  • public equity $ 62.2 billion
  • fixed-income $ 37.3 billion
  • private equity $ 6.1 billion
  • real estate $ 5.5 billion
  • absolute return $ 8.6 billion
  • others and cash $ 6.3 billion

The total assets under management of the University, product-wise, comprise:

  • pension $ 70 billion
  • retirement savings $ 25.6 billion
  • working capital $ 14.7 billion
  • Fiat Lux $ 1.1 billion
  • Blue and Gold Pool $ 1.3 billion
  • Endowment $ 13.4 billion

Focus: University of California Endowment

Assets under management at the Endowment grew $ 1.1 billion over the one year ended June 30, 2019. This figure includes market gains of $ 0.7 billion. That marks a growth of 8.2%.

Assets under management at the Endowment comprise:

  • public equity $ 5 billion
  • fixed-income $ 2 billion
  • private equity $ 1.9 billion
  • real estate $ 0.9 billion
  • others $ 3.6 billion

Stellar returns on private equity investments

The Endowment earned an overall 8.2% return over one year against a policy benchmark rate of 5.7%.

Over three years, net returns were 10.7% against the benchmark rate of 8.9%.

In private equity, the Endowment earned 27.4% over one year and 23.7% across three years. The benchmark rates were 10.5% and 15.9% respectively; showing solid outperformance in private equity.

Comparatively, public equity earned 4.6% over one year and 13.0% across three years. The benchmark rates were 4.7% and 11.9% respectively.

Finally, performance results will be discussed at the September 17, 2019 meeting of the UC Board of Regents’ Investments Committee.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Alt Insights

January 29, 2020

Venture Capital: The Kobe in “Bryant Stibel & Co”

Venture Capital: The Kobe in “Bryant Stibel & Co”
Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/04/57e8d14b4d50ac14f1dc8460c62c3e761c3dd6f85254794c7c2b78d4944a_640.jpg
Fintech: M&A In the Fintech Space Will Heat Up
April 3, 2020     FinTech, News

One of the clear winners, if there is such a thing of the current economic situation, will be fintech companies. And we can expect to see a wave of fintech…

https://dailyalts.com/wp-content/uploads/2020/04/57e6d64a435bac14f1dc8460c62c3e761c3dd6f85254794c7c2b79d0904b_640.jpg
REITS: Industrial Properties Look Promising On These Trends
April 3, 2020     News, Real Estate

Like most Real Estate Investment Trusts, the prices of industrial REITs have declined sharply in the coronavirus driven selloff in the equity markets. While there may be real concerns for…

Private Equity: Is Dave and Busters a PIPE Dream?
April 3, 2020     News, Private Equity

Dave and Busters (NASDAQ:PLAY) have been hard hit by the economic downturn. The restaurant and arcade company closed its stores across the United States. It furloughed at least 15,000 hourly…

https://dailyalts.com/wp-content/uploads/2020/04/57e8dc40435aa914f1dc8460c62c3e761c3dd6f85254794c7c2b7ad7914e_640.jpg
Real Estate: Blackstone Group Pulls Out of Oakland Deal for Upton Station Building
April 3, 2020     News, Real Estate

Blackstone Group (NYSE: BX) is pulling out of a deal to buy an office property in Oakland, California, for $400 million. Blackstone had planned to use funds from its non-traded…

Scroll to Top