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Endowments and Foundations

University of Chicago endowment returns 11.4%

University of Chicago's endowment returned 11.4% for the fiscal year ended June 30, said an announcement on the university's website.

Endowment assets grew over the year by about 12% to a record $7.82 billion.

A breakout of asset class returns was not disclosed.

For the five, 10 and 20 years ended June 30, the endowment returned an average compounded 6.6%, 5.4% and 9.1%, respectively. Benchmark returns were not provided. Last fiscal year, the endowment returned a net -1.9%.

The endowment has a target asset allocation of 33.5% absolute return, 22% global equities, 13.5% private equity, 9% real estate, 8% fixed income, 7% natural resources, 4.5% private debt, 2% total return investment pool protection, and 0.5% cash and equivalents, according to the university's website.

A spokesman could not immediately provide additional information.