A news release Thursday from the Providence, R.I.-based university said for the most recent fiscal year, private equity was the best performer with a net return of 86.8%, followed by public equities at a net 58.9% and absolute return with a net return of 15.3%.
The actual allocation of those asset classes as of June 30 was 39% private equity, 24.8% absolute return and 19.8% public equities. The news release did not provide specific allocations or return numbers for fixed income and real assets, the other asset classes, but did note they contributed positive returns.
"We're deeply grateful to our external partners as well as the dedicated members of the investment committee and our investment office at Brown for making this a remarkable year," said Jane Dietze, vice president and chief investment officer, in the news release. "Even so, stewardship of the Brown endowment should not be evaluated on any single-year return — instead, our success should be measured entirely through long-term growth of the endowment's role as an enduring financial resource, providing support for students, and advancing Brown's mission of research and teaching."