Endowments and foundations reported median losses of 7.8% for the fiscal year ended June 30, and that's actually good news, since those results handily beat traditional stock-and-bond portfolios. Thanks to their high exposure to private markets, endowments have been sheltered from the worst effects of the market sell-off.
"Privates have done their job," said Matt Bank, a partner at Global Endowment Management, which acts as an outsourced chief investment office for endowments.
https://pitchbook.com/news/articles/university-endowments-returns-venture-capital
![featured image](https://images.passle.net/fit-in/860x860/Passle/53304eb43d9474057cbfc02a/SearchServiceImages/2022-11-07-16-55-41-690-6369388df636e91d3819184b.png)