<p>Link to Barron’s article. Signals endowment losses more likely over 50% for PE/HFs</p>
<p>[Private-Equity</a> Business Faces Its Biggest Crisis Ever - Barrons.com](<a href=“http://online.barrons.com/article/SB123335928543535161.html?page=4]Private-Equity”>http://online.barrons.com/article/SB123335928543535161.html?page=4)</p>