University of Minnesota regents approved new asset allocation ranges for the university's $974 million consolidated endowment fund, according to board materials.
The long-term allocation ranges for the Minneapolis-based university's endowment are: risk-mitigating assets, 8% to 15%; U.S. and international public equity, 25% to 30%; private capital (venture capital, distressed debt/equity, mezzanine debt), 15% to 25%; inflation hedges (core real estate, energy, timber, oil, gas and other investible commodities), 10% to 20%; fixed income, 10% to 15%; and hedge funds, 8% to 15%.
Stuart Mason, associate vice president and chief investment officer, was away from the office and unavailable for comment.
The consolidated endowment fund's previous allocation ranges were not provided in publicly available materials, but according to an investment report for June 30, 2011, the endowment's allocation targets were 40% public equity and 20% each for private capital, real assets and fixed income.
