Purdue University Foundation, Purdue University Research Foundation and Purdue Alumni Foundation are considering their first foray into alternative investments, including real estate, private equity and hedge funds, said Jeff Wilson, senior vice president and treasurer for the research foundation. The three West Lafayette, Ind.-based foundations collectively have $1.2 billion.
Fund Evaluation Group is assisting the foundations and is expected to make its preliminary report in about a month. After the report, the foundations will consider possible investment manager searches and funding sources. The foundations will act in unison.
The foundations have the same asset allocation: 70% domestic equities, 10% international equities, and 20% fixed income.
