Stanford University has received bids totalling more than $1bn for investments that it put up for sale last month, a figure at the high end of the school’s early expectations, reports the WSJ.  But some of the bids feature tough conditions that could test how badly Stanford wants to raise cash. Stanford has informed bidders – including China’s sovereign-wealth fund, China Investment Corp -  to submit “best and final” offers by Thursday. Public pension funds and secondary-market firms, including one run by Goldman Sachs, have also made bids.

This entry was posted by Gwen Robinson on Thursday, November 19th, 2009 at 4:42 and is filed under Capital markets. Tagged with CIC, goldman sachs, Stanford University. Edit this entry.