Bowdoin boasts record endowment

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BRUNSWICK — Bowdoin College’s endowment is larger than ever before: just over $900 million.

According to figures released by the college on Sept. 22, the endowment grew 22.3 percent over the course of fiscal year 2011, which ended June 30.

Paula Volent, senior vice president for investments, said the college’s investments in venture capital and private equity recovered from the financial crisis and performed extremely well.

The positive return brings the college’s endowment to its highest level since fiscal year 2008, when it was valued at $831 million. From 2008 to 2009 the endowment declined 17 percent to $688 million, before rising just over 10 percent to $753.5 million at the end of fiscal year 2010.