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Endowments and Foundations

Notre Dame endowment returns 12.2% for fiscal year

University of Notre Dame, South Bend, Ind., returned 12.2% on its endowment fund investments for the fiscal year ended June 30, said Scott Malpass, vice president and chief investment officer, in a news release.

The return helped increase the endowment's assets to $13.1 billion as of June 30, up 11% from 12 months earlier.

The endowment's investments returned 12.6% the previous fiscal year. The university did not provide benchmark return numbers for the most recent or the previous fiscal years.

For the 20 years ended June 30, the endowment returned an annualized 10.3% compared to the 5.7% return of a benchmark 60% equity/40% fixed-income portfolio, according to the news release. During that time span, the endowment's investment portfolio generated a total of $8 billion above the benchmark.

The endowment's asset allocation is 40% public equities, including long/short; and 30% each private equity and multistrategy, which includes credit funds, real estate and energy, Mr. Malpass said in an email. He said the university does not release individual asset class returns.