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Princeton University endowment posts 14.2% return

A statue of former Princeton University president John Witherspoon on the college’s campus.

Princeton University returned 14.2% on its endowment for the fiscal year ended June 30, the university announced in a news release Monday.

Endowment assets increased about 8.8%, or $2.1 billion, over the year to $25.9 billion. Last fiscal year, the endowment returned 12.5%.

The Princeton, N.J.-based endowment's annualized returns for the three, five, 10 and 20 years ended June 30 were 9%, 11.8%, 8% and 11.4%, respectively, confirmed university spokesman Michael Hotchkiss. The university did not disclose benchmark returns or a breakout of asset class returns.

The endowment is managed by the Princeton University Investment Co. According to PRINCO's website, the endowment has a target asset allocation of 27% private equity, 25% independent return (hedge funds), 18% real assets, 10% international emerging markets equity, 9% U.S. equity, 6% international developed equity, and 5% fixed income and cash.