Stanford to put $1bn on block

The university is offloading investments including private equity and real estate to raise cash, according to the Wall Street Journal.


Stanford University is selling as much as $1 billion of investments in private equity, real estate and other asset classes, according to the Wall Street Journal.

The university is contemplating offloading ‘pieces of stakes’ says the report, rather than entire partnerships, with the $1 billion sale including future commitments to making investments.

Not only would private equity and real estate interests be sold, but venture-capital, oil-and-gas, and timber also.

The sale would be a boost to the secondaries market with some participants reporting little transactional activity taking place.

Today it emerged that senior changes were being made at the top of one of the best known real estate secondaries buyers.

Jeff Giller is leaving Liquid Realty Partners after four years as co-managing principal and chief investment officer of the San Francisco secondaries shop, PERE has learnt. Liquid’s director of business development Josh Cleveland and director of acquisitions Brendan MacDonald have already departed. It is unclear what the trio plan to do next.