University of Washington's consolidated endowment fund returned 6.8% in the fiscal year ended June 30, said an investment report posted on the Seattle-based university's website.
The $3.3 billion endowment's best-performing asset class during the period was private equity, which returned 14.8%, followed by emerging markets equity at 11%; opportunistic strategies, 8.8%; developed markets equity, 5.2%; real assets, 4.4%; absolute return strategies, 3.3%; and fixed income, 1.6%.
For the three, five and 10 years ended June 30, the total fund returned 11.9%, 10% and 7.5%, respectively.
As of June 30, the actual asset allocation was 38% developed markets equity, 17% emerging markets equity, 17% absolute return, 11% private equity, 10% fixed income, 6% real assets, and 1% opportunistic strategies.
The target allocation is 28% developed markets equity, 19% absolute return, 17% emerging markets equity, 15% private equity, 11% fixed income, 7% real assets and 3% opportunistic strategies.
Norm Arkans, university spokesman, could not be immediately reached to provide further information.