Carlyle's AlpInvest is putting together a collateralized fund obligation and including secondary private equity stakes, which many investors are also hot to sell.
University endowments are dumping their PEU stakes in the resale market. Yale pioneered the use of private equity and made it a sizeable chunk of their endowment holdings.
Noem's Department of Homeland Impunity is merely an extension of Trump II's savage whims. A bunch of international Trump meme-coin holders are attending a special dinner tonight and the top 25 are being afforded a private tour. Apparently, that's not a tour of Harvard or Yale. It's a shame because those crypto billionaires could have gotten a good discount on some secondaries and maybe seen distant relatives packing up their college dorm rooms.
Harvard international students now have to turn to their second choice. I wonder how many will pick a Chinese university. Knowledge knows no borders and ignorance is rampant among the Trump cabinet. Many didn't have much knowledge to begin with, but definitely are not paid to think. Blind loyalty comes with a blank check nowadays.
Congress? Representatives? Senators? Most of y'all went to an Ivy. Wake up and put some shackles on your attack dog who never sleeps. Commander.....Commander.....Commander in Chief.
Update 5-23-25: Pershing Square's Bill Ackman helped lead the donor revolt for major universities just after the October 7th Hamas terrorist attack. He spoke with Niall Ferguson on the precarious position university endowments are in due to their PEU holdings. Ackman is one of the greed and leverage boys of the hedge fund variety.
Update 5-29-25: The sales push is on for PEU secondaries and private credit.
