alt Hacker NewsAt this point, these well-endowed universities are essentially Private Equity firms, each with a university hanging off the side as a minor, semi-profitable department within the firm.
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AndrewKemendo • today at 3:47 PM
Precicely this
Everything is a bank for the rich. The people who “invested” in the endowment would rather burn their money than let someone use it without getting a multiple return on it
Universities get ~40-50% of their funding from the government. Private equity doesn't quite fit.