Five university endowments are investors in JH Partners' second midmarket private equity fund, which closed last week with $350 million, said Jeff Hansen, principal. The fund was oversubscribed.
The five endowments - the $25.9 billion endowment of Harvard University, Cambridge, Mass.; $6.7 billion Massachusetts Institute of Technology endowment, Cambridge; $11.2 billion endowment of Princeton University, Princeton, N.J.; $15 billion endowment of Stanford University, Palo Alto, Calif.; and $5.2 billion Yale University endowment, New Haven, Conn. - also invested in the firm's first fund. Over the past several years, the firm returned $566 million to all investors on $80 million of invested capital, he said.