Stanford moves to liquidate $1B in investments

Stanford Management Company, the corporate unit that invests money on behalf of Stanford University, announced that it will pursue a secondary sale of about $1 billion of its $6 billion in alternative equity investments and some of its unfunded liabilities.

Actually based in Stanford, Calif., the company says the sale is necessary to re-balance its portfolio in response to the tough economic conditions following last fall’s downturn. It says it will only be looking for buyers interested in minority stakes in its offered investments, which include natural resources, real estate and some distressed securities. The company will retain majority stakes.

The value of Stanford’s holdings, including its endowment was reported to be $14.5 billion as of the end of June.

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