The USD 150 million Kenyon College Endowment plans to commit approximately USD 5 million to a private equity real estate fund focussed on North America by the end of 2010. The endowment has a target allocation to real estate between 5-7%, and has previously invested in value added and opportunistic funds. Kenyon College Endowment has expressed an interest in the debt and distressed property markets and feels that this is where the best opportunities are currently presenting themselves. Kenyon College’s commitment is unlikely to be to a first-time fund, as it typically prefers to invest with managers that have a good track record.
For more information on private equity real estate investors, please click here to see how Real Estate Online can assist you.