University of Notre Dame Endowment, South Bend, Ind., returned 19.7% on its investments for the fiscal year ended June 30, surpassing its 13% custom benchmark return, said Scott Malpass, university vice president and chief investment officer.
The returns helped boost its overall assets to $9.8 billion as of June 30, up 18% from a year earlier.
The endowment returned 11.8% in the previous fiscal year.
Over the 10 years ended June 30, the endowment returned an annualized 11% vs. its custom benchmark’s 7%, and over the 20 years ended on the same date, the overall return was an annualized 12.5% vs. the benchmark’s 8.4% return.
The endowment’s current target asset allocation is 35% public equities, 27.5% private equity, 15% each real assets and marketable alternatives (event-driven, credit, distressed and multistrategy), and 7.5% fixed income, Mr. Malpass said.
Mr. Malpass would not comment further on the results.