The University of Kentucky is located in Lexington, KY and was founded in 1865.� This public university is the largest in Kentucky by enrollment.� The University's endowment is currently valued at about $940 million, and targets a 45% allocation to alternative investments: 7% to private equity, 10% to real return, 20% to absolute return, and 8% to real estate. The firm works with its consultant R. V. Kuhns & Associates for its hedge fund, private equity, and real estate allocations.