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FUNDRAISING NEWS | April 17, 2024

University of Alabama Allocates $46M to Private Equity

Tags: Private Equity, Endowments

The University of Alabama System Endowment approved two allocations to private equity totaling $46 million at the April 11th Board of Trustees meeting. 

$20 million was allocated to Sterling Group Partners VI. And $20 million was allocated to Northlane Capital Partners III with an additional $6 million directed to a co-investment vehicle. 

As of January 1, 2024, the endowment was valued at $6.1 billion. 

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Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.

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