Most colleges and universities in central
Indiana are being especially frugal because the value of their university endowments has plunged along with the market,donations
may decrease, and enrollment may decline, due to lack of student loan availability.
Emmis Communications Corp. struggles to contain expenses and minimize debts due to radio advertising shortfalls.
Thanks to hefty 35-percent gross returns on its $60 million first fund, locally based Centerfield Capital Partners LP has
raised nearly twice as much for its second. This month, the venture capital firm closed on $116 million from a variety of
investors. As before, Centerfield’s 50 limited partners include major Hoosier institutions. But this time, numerous big banks,
insurance companies and pension funds from outside state lines were also investors.
