As Endowment Managers Turn to Private Equity, Questions Arise

Endowment growth in 2011 came in no small part because universities have increasingly invested in private equity—the same private equity that has become a hot-button issue on the 2012 campaign trail, with some candidates and commentators calling into question its social value.

Private equity is "of increasing significance" for endowments, according to John Walda, president of the National Association of College and University Business Officers, which conducts an annual study of