Princeton University has cut the long-term return assumption on its $36bn endowment, as heavy exposure to crowded private equity investments weighs on its ability to repeat its past performance.
普林斯顿大学(Princeton University)已下调其360亿美元捐赠基金的长期回报预期，原因是对拥挤的私募股权投资的大量敞口拖累其再现过往业绩的能力。
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