TY 2016 Form 990 Schedule R

efile Public Visual Render ObjectId: 201821359349305202 - Submission: 2018-05-15 TIN: 06-0646973

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2016

Open to Public Inspection

Name of the organization

YALE UNIVERSITY

Employer identification number

06-0646973

Part I

Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity
(1) BOYLSTON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-3324804	INVESTMENT	DE	-5,433,514	2,274,506,099	YALE UNIVERSITY
(2) YD SMA LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-3365267	INVESTMENT	DE	2,880,953	394,354,801	YALE UNIVERSITY
(3) FENIX I LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2863129	INVESTMENT	DE	0	35,033,249	YALE UNIVERSITY
(4) HARBOR HILLS INVESTMENTS LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0099423	INVESTMENT	DE	0	20,503,353	YALE UNIVERSITY
(5) RENAISSANCE I LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2863298	INVESTMENT	DE	0	14,616,648	YALE UNIVERSITY
(6) WE 2 CHURCH STREET SOUTH LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 80-0066065	INVESTMENT	CT	600,000	10,885,376	YALE UNIVERSITY
(7) SARDOUS LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 02-0580383	INVESTMENT	DE	961,816	7,905,210	YALE UNIVERSITY
(8) WE 135 COLLEGE STREET LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 30-0893138	INVESTMENT	DE	154,824	7,298,314	YALE UNIVERSITY
(9) ESV HOLDINGS LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-3980473	INVESTMENT	DE	0	6,345,265	YALE UNIVERSITY
(10) INVESTMENT HOLDCO LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 81-4546058	INVESTMENT	DE	0	6,149,662	YALE UNIVERSITY
(11) YALE GLOBAL ENTERPRISES LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-0859961	SUPPORTS HIGHER EDUCATION	CT	0	4,880,175	YALE UNIVERSITY
(12) ALPHA 9 LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-0982227	INVESTMENT	CT	0	3,451,348	YALE UNIVERSITY
(13) S PROPERTY HOLDING LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-3717440	INVESTMENT	CT	0	1,520,355	YALE UNIVERSITY
(14) GSWM INVESTMENTS LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-3717358	INVESTMENT	CT	0	1,069,247	YALE UNIVERSITY
(15) PASSIVE HOLDING LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 22-3783661	INVESTMENT	NJ	0	965,602	YALE UNIVERSITY
(16) AMISTAD PARTNERS LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 73-1683601	INVESTMENT	CT	0	599,975	YALE UNIVERSITY
(17) YALE STUDENT INVESTMENT FUND LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-3851735	INVESTMENT	DE	2,496	445,845	YALE UNIVERSITY
(18) 41 NORTH LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1594874	INVESTMENT	DE	0	5,327	YALE UNIVERSITY
(19) FLATIRON FUNDING II LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 42-1688137	INVESTMENT	DE	-81,384	0	YALE UNIVERSITY
(20) 4610 SOUTH 133RD STREET LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0646973	INVESTMENT	NE	0	0	YALE UNIVERSITY
(21) BETA 14 LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-0982129	INACTIVE	CT	0	0	YALE UNIVERSITY
(22) BLUEFIELD TIMBER LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 02-0520556	INVESTMENT	DE	0	0	41 NORTH LLC
(23) ENDURANCE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1606540	INVESTMENT	DE	0	0	YALE UNIVERSITY
(24) MEDICAL PRACTICE MANAGEMENT LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-1545102	ADMINISTRATIVE SERVICES	CT	0	0	YALE UNIVERSITY
(25) MOMS PARTNERSHIP LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0646973	SUPPORTS WELLNESS INITIATIVES	CT	0	0	YALE UNIVERSITY
(26) THE UK FRIENDS OF YALE UNIVERSITY LIMITED C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-0552738	ACCEPTS CHARITABLE CONTRIBUTIONS	UK	1,758,587	0	YALE UNIVERSITY
(27) YALE EDUCATIONAL CONSULTING (BEIJING) LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-1006940	SUPPORTS HIGHER EDUCATION	CH	0	0	YALE GLOBAL ENTERPRISES LLC
(28) YALE LEADERSHIP (BEIJING) EDUCATIONAL CONSULTING CO LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-1200465	SUPPORTS HIGHER EDUCATION	CH	0	0	YALE GLOBAL ENTERPRISES LLC
(29) OVERLEA LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 82-1445515	INVESTMENT	DE	0	0	YALE UNIVERSITY

Part II

Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)1970 (DEC02) YALE WILLIAM S BEINEKE LIFE-PINGRY C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 13-6331695	SUPPORTS HIGHER EDUCATION	IL	501(C)(3)	PF	YALE UNIVERSITY	Yes
(2)3C CORPORATION C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 41-2046529	INVESTMENT	DC	501(C)(3)	12, TYPE I	YALE UNIVERSITY	Yes
(3)5C CORPORATION C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0763050	INVESTMENT	DC	501(C)(3)	12, TYPE I	YALE UNIVERSITY	Yes
(4)ALUMNI FUND ASSOCIATION OF YALE UNIVERSITY C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6078326	ENCOURAGES AND SOLICITS CONTRIBUTIONS TO OR FOR YALE UNIVERSITY	CT	501(C)(3)	12, TYPE I	YALE UNIVERSITY	Yes
(5)CHAPEL COMPANY C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1532073	INACTIVE	CT	501(C)(2)	N/A	YALE UNIVERSITY	Yes
(6)CHARLES A COFFIN MEMORIAL FUND C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6034841	SUPPORTS HIGHER EDUCATION	CT	501(C)(3)	12, TYPE III - O	YALE UNIVERSITY	Yes
(7)EDITH B JACKSON TRUST #3 C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 84-6150096	SUPPORTS HIGHER EDUCATION	NC	501(C)(3)	PF	YALE UNIVERSITY	Yes
(8)FW & ELSIE HEYL SCIENCE SCHOLARSHIP FUND C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 38-6194019	SUPPORTS HIGHER EDUCATION	MI	501(C)(3)	12, TYPE III - O	N/A		No
(9)FORD ADELAIDE D TEN T U W C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 94-6216169	SUPPORTS HIGHER EDUCATION	NC	501(C)(3)	PF	YALE UNIVERSITY	Yes
(10)FOUNDING FATHERS PAPERS INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 22-2365602	SUPPORTS AND FACILITATES PUBLICATIONS	NJ	501(C)(3)	12, TYPE I	N/A		No
(11)GRUBER FOUNDATION THE C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-1540594	SUPPORTS HIGHER EDUCATION	DE	501(C)(3)	12, TYPE I	YALE UNIVERSITY	Yes
(12)HEALTH BENEFITS HOLDINGS INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1559155	INVESTMENT	CT	501(C)(2)	N/A	YALE UNIVERSITY		No
(13)HR PROPERTIES INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1341463	INVESTMENT	CT	501(C)(2)	N/A	YALE UNIVERSITY	Yes
(14)JONATHAN EDWARDS TRUST C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6084676	SUPPORTS HIGHER EDUCATION	CT	501(C)(3)	12, TYPE III - FI	YALE UNIVERSITY	Yes
(15)PAUL MELLON CENTRE FOR STUDIES IN BRITISH ART C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 22-3783661	PROMOTES AND SUPPORTS STUDY OF BRITISH ART AND ARCHITECTURE	UK	501(C)(3)	N/A	YALE UNIVERSITY	Yes
(16)PRESTON J DUNN TR UW FBO YALE UNIVERSITY C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6366026	SUPPORTS HIGHER EDUCATION	CT	501(C)(3)	PF	YALE UNIVERSITY	Yes
(17)PRESTON J DUNN TR UW FBO YALE UNIVERSITY 1928 ALUMNI FUND C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6366024	SUPPORTS HIGHER EDUCATION	CT	501(C)(3)	PF	YALE UNIVERSITY	Yes
(18)PROSPECT STREET HOLDINGS INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1424260	TITLE HOLDING COMPANY	CT	501(C)(2)	N/A	YALE UNIVERSITY	Yes
(19)RICHARD U LIGHT FOUNDATION C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 38-2456949	SUPPORTS EDUCATION	MI	501(C)(3)	12, TYPE III - O	N/A		No
(20)RTA INCORPORATED C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0768741	SUPPORTS EDUCATION	CT	501(C)(3)	12, TYPE III - FI	N/A		No
(21)STAFF RETIREMENT HOLDINGS INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1559156	INVESTMENT	CT	501(C)(2)	N/A	YALE UNIVERSITY		No
(22)STOECKEL E B RESIDUE TRUST C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0653108	SUPPORTS ARTISTIC PROGRAMS	CT	501(C)(3)	12, TYPE III - FI	YALE UNIVERSITY	Yes
(23)THE BOARD OF TRUSTEES OF THE SHEFFIELD SCIENTIFIC SCHOOL C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6032565	PROMOTES THE STUDY OF THE PHYSICAL, NATURAL AND MATHEMATICAL SCIENCES	CT	501(C)(3)	12, TYPE II	YALE UNIVERSITY	Yes
(24)THE CHIEF EXEC LEADERSHIP INST OF THE YALE SCHOOL OF MGMT INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 58-2617787	PROVIDES RESEARCH AND PEER-DRIVEN EDU. PROGRAMS TO BUSINESSES	DE	501(C)(3)	12, TYPE I	YALE UNIVERSITY	Yes
(25)UW EUGENE HIGGINS CHAR TRUST NMA C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 13-6073358	SUPPORTS EDUCATION	NY	501(C)(3)	12, TYPE III - O	N/A		No
(26)YALE ALUMNI ASSOCIATION OF CLEVELAND C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 34-1218706	SUPPORTS EDUCATION	OH	501(C)(3)	12, TYPE III - FI	N/A		No
(27)YALE ALUMNI PUBLICATIONS INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0646970	DISTRIBUTES ALUMNI MAGAZINE	CT	501(C)(3)	12, TYPE III - FI	N/A		No
(28)YALE ALUMNI SCHOLARSHIP OF CLEVELAND INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 34-6523145	FUNDS SCHOLARSHIPS	OH	501(C)(3)	12, TYPE III - FI	N/A		No
(29)YALE CLUB OF CENTRAL NEW JERSEY C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 22-6048686	FUNDS SCHOLARSHIPS	NJ	501(C)(3)	12, TYPE III - O	N/A		No
(30)YALE SCHOLARSHIP FUND OF PITTSBURGH C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 23-7046816	FUNDS SCHOLARSHIPS	PA	501(C)(3)	12, TYPE III - FI	YALE UNIVERSITY	Yes
(31)YALE SCHOLARSHIP TRUST OF BOSTON C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 04-6113108	FUNDS SCHOLARSHIPS	MA	501(C)(3)	12, TYPE III - FI	YALE UNIVERSITY	Yes
(32)YALE SOUTHERN OBSERVATORY INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6068906	RESEARCH AND EDUCATION	CT	501(C)(3)	7	YALE UNIVERSITY	Yes
(33)YALE UNIVERSITY ELIZABETHAN CLUB CORP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0332975	PROMOTES APPRECIATION OF LITERATURE AMONG MEMBERSHIP AND COMMUNITY	CT	501(C)(3)	12, TYPE III - FI	YALE UNIVERSITY	Yes
(34)YALE UNIVERSITY PRESS LONDON C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	PUBLISHES SERIOUS WORKS	UK	501(C)(3)	N/A	YALE UNIVERSITY	Yes
(35)YALE UNIVERSITY RETIREE HEALTH BENEFITS COVERAGE TRUST C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6414276	501(A) TRUST THAT SUPPORTS YALE UNIVERSITY	CT	501(C)(3)	12, TYPE II	YALE UNIVERSITY	Yes
(36)YALE WISCONSIN SCHOLARSHIP FUND C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 39-6065573	FUNDS SCHOLARSHIPS	WI	501(C)(3)	12, TYPE III - O	N/A		No
(37)YALE-NEW HAVEN MEDICAL CENTER INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 23-7440891	SUPPORTS JOINT PROGRAMS OF YALE-NEW HAVEN HOSPITAL AND YALE UNIVERSITY	CT	501(C)(3)	12, TYPE III - FI	N/A		No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2016

Page 2

Schedule R (Form 990) 2016

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Predominant income(related, unrelated, excluded from tax under sections 512-514)	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No
(1) FOURTH CENTURY LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 41-2046537	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	566,416,165	9,458,317,504	Yes		-15,414,067		No	99.800 %
(2) FIFTH CENTURY LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0763076	INVESTMENT	NV	YALE UNIVERSITY	EXCLUDED FROM TAX	713,897,032	5,081,741,049	Yes		52,299,398		No	99.800 %
(3) LAUREL 2008 LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1649501	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	277,663,439	1,632,324,157	Yes		38,786,896		No	99.600 %
(4) BBF I HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8497574	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	46,493,507	1,014,397,615		No			No	99.600 %
(5) 667 LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1609184	INVESTMENT	DE	BBF I HOLDINGS LP	EXCLUDED FROM TAX	46,493,507	1,014,397,615		No			No	85.800 %
(6) LONG TERM VALUE FUND LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-0623624	INVESTMENT	CJ	LAUREL 2008 LP	EXCLUDED FROM TAX	44,357,589	934,897,148		No			No	99.600 %
(7) YB INSTITUTIONAL LIMITED PARTNERSHIP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 04-3431530	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	44,973,538	795,377,687	Yes		2,766,485		No	97.710 %
(8) YHG INVESTMENT LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	GAOLING YALI FEEDER LTD	EXCLUDED FROM TAX	-4,944,684	762,158,774	Yes				No	84.200 %
(9) FARALLON CAPITAL INSTITUTIONAL PARTNERS II LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 94-3106692	INVESTMENT	CA	YALE UNIVERSITY	EXCLUDED FROM TAX	19,652,782	687,594,791	Yes		4,920		No	90.880 %
(10) CYR HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0788802	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	127,953,926	526,467,993		No			No	99.600 %
(11) PROSPECT STREET PARTNERS LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 59-3041479	INVESTMENT	FL	YALE UNIVERSITY	EXCLUDED FROM TAX	33,710,529	477,409,351		No			No	81.060 %
(12) CRS MASTER FUND LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-2658870	INVESTMENT	CJ	CRS FUND LTD	EXCLUDED FROM TAX	-44,358,121	468,698,029		No			No	88.280 %
(13) SP II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0697863	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	32,998,090	414,277,199	Yes		1,295,120		No	99.600 %
(14) LUXIVER LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-1504333	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	-4,372,789	376,016,988		No	-7,881,093		No	99.730 %
(15) FOXWAY LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-3794906	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	14,770,477	370,970,247		No			No	99.630 %
(16) YELLOW WARBLER LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0342603	INVESTMENT	TX	FOURTH CENTURY LLC	EXCLUDED FROM TAX	415,915	327,583,693	Yes		-651,268		No	99.270 %
(17) KTOWN LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-4278453	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	2,711,596	296,453,034		No			No	98.020 %
(18) EASTON 2007 LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0627974	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	36,247,425	265,460,057	Yes		-15,482		No	99.600 %
(19) NIFL HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8973999	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	7,984,065	198,582,695		No			No	99.600 %
(20) BLUEBART LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 38-3979963	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	1,371,620	196,708,537	Yes				No	99.810 %
(21) MORRIS ISLAND PARTNERS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-4538290	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	3,802,701	168,943,706		No			No	97.480 %
(22) STRATEGIC RESIDENTIAL FUND II LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 04-3584406	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	-3,986,708	146,037,615		No			No	95.000 %
(23) NOGA PARTNERS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-1192059	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-30,350,175	144,574,022	Yes		-1,062,881		No	95.380 %
(24) HIGH STREET PARTNERS LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-1332371	INVESTMENT	CJ	YALE UNIVERSITY	EXCLUDED FROM TAX	882,470	143,172,400		No			No	99.640 %
(25) KHP FUND II LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5882068	INVESTMENT	CA	FOURTH CENTURY LLC	EXCLUDED FROM TAX		134,173,707		No			No	60.180 %
(26) CYR FUND LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0270646	INVESTMENT	DE	CYR HOLDINGS LP	EXCLUDED FROM TAX	72,974,687	125,550,288		No			No	90.940 %
(27) M&H REALTY PARTNERS VI LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 57-1182074	INVESTMENT	CA	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-5,451,597	114,509,284		No			No	51.670 %
(28) JBG INVESTMENT FUND III LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 52-2384738	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	30,536,075	93,948,715	Yes		-169,050		No	58.210 %
(29) JBG INVESTMENT FUND IV LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 01-0815265	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	2,084,446	84,416,490	Yes		-1,358,901		No	59.880 %
(30) CAUTHEN VII LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-3653027	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	4,496,916	81,017,920	Yes		-46,636		No	79.840 %
(31) RCP II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0444200	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	34,142,095	69,000,686		No			No	99.600 %
(32) BAYROOT LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0390410	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	5,522,083	64,593,157		No			No	98.820 %
(33) TDRC II-A LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5025534	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX		59,179,417		No			No	99.600 %
(34) MOTUS FUND LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-1253737	INVESTMENT	CJ	YALE UNIVERSITY	EXCLUDED FROM TAX	580,037	56,193,412		No		Yes		96.710 %
(35) SEDGWICK LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0483594	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	27,368,411	55,311,171		No			No	79.840 %
(36) MANASLU FUND II LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-1158285	INVESTMENT	CJ	FOURTH CENTURY LLC	EXCLUDED FROM TAX	25,818,703	50,466,172		No			No	50.780 %
(37) CAUTHEN VI LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8202030	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	3,410,562	50,202,859	Yes		-106,391		No	79.840 %
(38) IVP VI HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8699381	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	11,049,458	48,767,757		No			No	99.600 %
(39) GLOSTER LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-1263980	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-146,411	45,776,567	Yes		-79,831		No	79.840 %
(40) FULTON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0165041	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	6,708,238	43,401,975		No			No	79.840 %
(41) OMAHA LIMITED PARTNERSHIP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CA	OM HOLDINGS LP	EXCLUDED FROM TAX	-3,238,832	40,945,529		No			No	98.600 %
(42) SP 8 HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0558478	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	114,193	40,221,831		No			No	99.600 %
(43) MEP IX LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 75-2537935	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	2,589,739	40,120,615		No			No	99.800 %
(44) RAMSGATE VIII LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5259910	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		39,028,305		No			No	79.840 %
(45) CAUTHEN VIII LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-2750613	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	904,509	38,265,694	Yes		461,858		No	79.840 %
(46) AEF 5 US HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4076676	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	9,921,266	38,140,185		No			No	99.600 %
(47) ABINGDON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 61-1707283	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	556,316	37,481,080	Yes		-533,571		No	79.840 %
(48) RCP HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2008465	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	10,418,903	36,789,826		No			No	99.600 %
(49) VEITCH LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-0999084	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	1,007,622	36,531,897	Yes		-407,965		No	79.840 %
(50) YADKIN IV LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-1569715	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	2,667,511	34,710,227	Yes		844		No	79.840 %
(51) CAUTHEN IX LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-5376519	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-61,951	34,470,514	Yes		-7,272		No	79.840 %
(52) FARALLON CAPITAL INSTITUTIONAL PARTNERS 25 LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 94-3388317	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	-1,027,531	34,352,455	Yes		-353,806		No	87.260 %
(53) ALAMANCE VII LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-2046522	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	2,977,783	34,347,868		No			No	79.840 %
(54) JPS HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8909921	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	198,746	34,090,288		No			No	99.600 %
(55) AEF 6 US HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2867531	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	258,681	34,034,995	Yes		-11,815		No	99.600 %
(56) UHLE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-3981909	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	1,328,643	31,576,740	Yes		-136,127		No	79.840 %
(57) VERNON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 80-0904292	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	5,333,358	31,117,042	Yes		12,280		No	79.840 %
(58) RIDGEFIELD IX LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 90-1007364	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-2,641,372	30,662,586		No			No	79.840 %
(59) NLVF II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1545222	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-478,965	30,213,504		No			No	99.600 %
(60) HEVP II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1828824	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-2,423,678	26,492,244		No			No	99.600 %
(61) POE LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2765485	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,020,702	26,066,114	Yes		55,254		No	79.840 %
(62) WYNNWOOD VIII LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-3294405	INVESTMENT	NV	FIFTH CENTURY LP	UNRELATED	3,895,130	25,998,829	Yes		1,359,082		No	79.840 %
(63) BCVF 2007 HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5965183	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	3,036,328	25,413,655		No			No	99.600 %
(64) KENWOOD LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 38-3863347	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	2,399,777	25,261,928		No			No	79.840 %
(65) HERNDON IV LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 47-1698457	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	480,655	25,000,033		No			No	79.840 %
(66) RAMSGATE XI LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-5209548	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		24,905,685		No			No	79.840 %
(67) TYPHOON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 01-0685132	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-723,630	24,557,811		No			No	91.270 %
(68) JPF V HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2008388	INVESTMENT	NV	FIFTH CENTURY LP	UNRELATED	4,403,164	24,484,225	Yes		3,532,342		No	99.600 %
(69) MERRIWEATHER LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 04-3664410	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	534,111	24,134,739		No			No	98.800 %
(70) WOODWAY LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1206761	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	5,882,334	23,916,341		No			No	79.840 %
(71) RIDGEFIELD VIII LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1603389	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	13,591,923	23,362,423	Yes		199,067		No	79.840 %
(72) RADFORD LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-5470954	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	902,842	22,722,463		No			No	79.840 %
(73) FIF IV (CFA) HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4764198	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	445,698	22,624,028	Yes		-49,559		No	99.600 %
(74) HEVP HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4982016	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-243,420	21,184,125		No			No	99.600 %
(75) WINDOM LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1768804	INVESTMENT	NV	FIFTH CENTURY LP	UNRELATED	8,035,262	20,788,519	Yes		7,257,872		No	79.840 %
(76) HERNDON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 37-1659934	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-108,462	20,576,201		No			No	79.840 %
(77) IRIS 2009 LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-4100777	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,109,705	20,177,794		No			No	99.600 %
(78) RAMSGATE X LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-3616177	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	2,337,838	20,065,271		No			No	79.840 %
(79) CORBIN VII LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 47-2456807	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	1,083,345	19,851,248		No			No	79.840 %
(80) KENWOOD 2014 LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-5704870	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	4,608,376	19,502,736	Yes		4,040		No	79.840 %
(81) ARLINGTON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 38-3909979	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		19,191,347		No			No	79.840 %
(82) DANVILLE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-3531407	INVESTMENT	DE	FOURTH CENTURY LLC	UNRELATED	768,183	19,013,560	Yes		462,505		No	79.840 %
(83) TILDEN III LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-2024260	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	189,890	18,605,216		No			No	79.840 %
(84) STRATEGIC RESIDENTIAL FUND I LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 04-3398268	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	-1,739,627	17,757,359	Yes				No	100.000 %
(85) CALVERT VI LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1603346	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,071,461	17,353,947	Yes		-402,603		No	79.840 %
(86) WYNNWOOD II LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5548320	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	2,028,837	16,908,185	Yes		114,309		No	79.840 %
(87) VOLTA IV LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-0914710	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	3,778,092	16,845,125	Yes		698,233		No	79.840 %
(88) FILLMORE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-3783115	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	6,170,734	16,640,640		No			No	79.840 %
(89) SCOTT LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-3616316	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	7,452,297	16,318,254	Yes		174,451		No	79.840 %
(90) HARBOR HILLS DEVELOPMENT LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 16-1453802	INVESTMENT	DE	HARBOR HILLS HOLDINGS LP	UNRELATED	-20,776	16,190,097	Yes		-21,727		No	99.000 %
(91) MACOMB XI LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 80-0958889	INVESTMENT	DE	FOURTH CENTURY LLC	UNRELATED	-229,301	15,857,402	Yes		-501,157		No	79.840 %
(92) WHITEHAVEN XI LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 37-1738599	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	1,133,826	15,836,867		No			No	79.840 %
(93) ALDERBROOK LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2939768	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	2,054,346	15,822,621	Yes		-140,799		No	79.840 %
(94) CLEVELAND LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 90-0743297	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-85,541	15,467,325		No			No	79.840 %
(95) LORTON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-4238865	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	191,298	15,314,870	Yes		-19,533		No	79.840 %
(96) KCF HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8861865	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-429,047	15,212,057		No			No	99.600 %
(97) CALVERT LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-3960036	INVESTMENT	NV	FIFTH CENTURY LP	UNRELATED	-558,763	14,349,816	Yes		-556,817		No	79.840 %
(98) CHICAGO LIMITED PARTNERSHIP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CA	FIFTH CENTURY LP	EXCLUDED FROM TAX	-171,889	14,031,619		No			No	98.800 %
(99) DENT VI LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2867610	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	104,853	13,794,554	Yes		-4,779		No	79.840 %
(100) GEF II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0348232	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	320,492	13,743,672		No			No	99.600 %
(101) HUIDIKOPER LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-4196504	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	741,285	13,478,813		No			No	79.840 %
(102) CORBIN LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-1263962	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	55,716	12,530,872	Yes		-25,742		No	79.840 %
(103) QUINN LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-3879664	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-257,004	12,281,512		No			No	79.840 %
(104) FRESHET WIND ENERGY LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 33-1200160	INVESTMENT	DE	FWEB LLC	EXCLUDED FROM TAX	-416,542	12,056,365		No			No	79.840 %
(105) WHITEHAVEN X LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-5205346	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	3,669,777	11,920,218		No			No	79.840 %
(106) BARTON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 35-2497887	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	212,978	11,869,758		No			No	79.840 %
(107) OSCEOLA LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2008431	INVESTMENT	NV	FIFTH CENTURY LP	UNRELATED	1,253,765	11,545,083	Yes		1,662,274		No	79.840 %
(108) RIDGEFIELD LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2022850	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	2,082,004	11,292,695		No			No	79.840 %
(109) KHP FUND I LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 65-1232049	INVESTMENT	CA	FOURTH CENTURY LLC	EXCLUDED FROM TAX	54,976,434	10,523,895	Yes		8,516,237		No	50.800 %
(110) DENT LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4202230	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	2,524,737	9,705,546		No			No	79.840 %
(111) WHITEHAVEN LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-3915778	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	3,159,373	9,473,519		No			No	79.840 %
(112) CHANDLER LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 32-0438514	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	36,291	9,377,604	Yes		-127,704		No	79.840 %
(113) HARBOR HILLS HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 02-0729602	INVESTMENT	DE	YALE UNIVERSITY	UNRELATED	-509,219	9,188,802	Yes		-510,170		No	100.000 %
(114) ORDWAY LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5189347	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	3,470,862	9,166,715	Yes		-97,318		No	79.840 %
(115) MEP IV HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0646713	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-321,710	9,096,434		No			No	99.600 %
(116) GARFIELD LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4592367	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-4,221,158	8,909,073		No			No	79.840 %
(117) BCAF HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8453177	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-6,147,473	8,738,771		No			No	99.600 %
(118) FESSENDEN LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2270383	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-380,793	8,358,793		No			No	79.840 %
(119) PEPF IV HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0290250	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	8,646	8,244,552		No			No	99.600 %
(120) IVA II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2652041	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-5,991,866	7,559,663		No			No	99.600 %
(121) BE III HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5495967	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-614,430	7,396,539		No			No	99.600 %
(122) EDMUNDS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4257832	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	6,655,940	7,381,251	Yes		74,355		No	79.840 %
(123) ODE IV LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 61-1724296	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		7,334,679		No			No	79.840 %
(124) FRC II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1670120	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	2,500,227	7,246,272		No			No	99.600 %
(125) GLOSTER III LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8833953	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	4,215,158	7,034,246		No			No	79.840 %
(126) WYNNWOOD LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-1363230	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	2,604,293	7,021,090	Yes		33,583		No	79.840 %
(127) ELM STREET VENTURES LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 04-3843574	INVESTMENT	CT	YALE UNIVERSITY	EXCLUDED FROM TAX	807,611	6,632,014		No	421		No	50.110 %
(128) RAMSGATE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0419757	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		6,504,672		No			No	79.840 %
(129) BARTON-A LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 61-1732894	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	197,863	6,106,093		No			No	79.840 %
(130) HAWTHORNE III LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0854590	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		5,790,472		No			No	79.840 %
(131) AVON LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4056103	INVESTMENT	NV	FIFTH CENTURY LP	UNRELATED	-50,461	5,461,394	Yes		-53,010		No	79.840 %
(132) CAUTHEN LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2776143	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-32,837	5,275,434	Yes		10,436		No	79.840 %
(133) TILDEN II LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-4210952	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	1,983,767	5,091,949		No			No	79.840 %
(134) SANGAMORE III LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0753284	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	363,057	5,056,800		No			No	79.840 %
(135) YADKIN LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2707395	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	4,350,660	4,984,089	Yes		4,507		No	79.840 %
(136) MANASLU FUND LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-0615593	INVESTMENT	CJ	MP-MF HOLDINGS LP	EXCLUDED FROM TAX	37,391,224	4,871,961		No			No	95.350 %
(137) ALAMANCE VI LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8558864	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	2,043,152	4,781,687		No			No	79.840 %
(138) GHEP III HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-3853985	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-4,653,969	4,757,968		No			No	99.600 %
(139) MP-MF HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2099979	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	36,631,792	4,715,904		No			No	99.600 %
(140) MACOMB VIII LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5681131	INVESTMENT	NV	FIFTH CENTURY LP	UNRELATED	-98,195	4,556,838	Yes		-320,554		No	79.840 %
(141) ALAMANCE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2575524	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	1,669,062	4,364,901		No			No	79.840 %
(142) WILSON LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2232279	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-1,582,570	4,253,989		No			No	79.840 %
(143) VOLTA LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-3738749	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	8,900,617	3,841,440	Yes		-167,822		No	79.840 %
(144) KILIMANJARO FUND LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-1288980	INVESTMENT	CJ	YALE UNIVERSITY	EXCLUDED FROM TAX	11,407	3,786,630	Yes				No	79.790 %
(145) KENWOOD 2014-A LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-5722301	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	257	3,772,393		No			No	79.840 %
(146) LORTON-A LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-4239136	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	46,470	3,768,395		No			No	79.840 %
(147) GOLDSBORO LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-1996058	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-2,252,023	3,515,775	Yes		-250,197		No	79.840 %
(148) LCPF V HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2776532	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-4,470,191	3,266,001		No			No	99.600 %
(149) RAMSGATE IX LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8833887	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	4,604,009	2,847,272		No			No	79.840 %
(150) WESTPATH LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2297672	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	209,643	2,839,680	Yes		-1,841		No	79.840 %
(151) ODE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 37-1567347	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		2,703,126		No			No	79.840 %
(152) ALAMANCE A LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-3484520	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	1,027,118	2,686,093		No			No	79.840 %
(153) BOF HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5923569	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	991,392	2,669,480		No			No	99.600 %
(154) DUMBARTON LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-3919432	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	117,082	2,633,460		No			No	79.840 %
(155) OGDEN LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-1212114	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	2,829,056	2,572,123		No			No	79.840 %
(156) DENT A LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8725065	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	656,432	2,523,456		No			No	79.840 %
(157) MACOMB IX LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5025458	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-334,645	2,454,306		No			No	79.840 %
(158) ECP II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0151337	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	7,041,806	2,426,840		No			No	99.600 %
(159) KLINGLE LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4592461	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-464,323	2,199,529		No			No	79.840 %
(160) SF-NEW PARTNERS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 92-0179258	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	488,009	1,919,663		No			No	96.210 %
(161) YUMA LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1584783	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,801	1,717,155		No			No	79.840 %
(162) YEI INNOVATION FUND LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 36-4773553	INVESTMENT	CT	YALE UNIVERSITY	EXCLUDED FROM TAX	-15,369	1,263,038		No			No	62.500 %
(163) YADKIN III LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2477930	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	2,584,332	1,203,444	Yes		3,507		No	79.840 %
(164) RAMSGATE IX A LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1797786	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	1,674,185	1,035,377		No			No	79.840 %
(165) ROSELAND PROPERTY PARTNERS LP C/O YALE UNIVERSITY PO BOX 208240 NEW HAVEN,CT065208239 22-3283867	INVESTMENT	NJ	YALE UNIVERSITY	UNRELATED	-1,051	895,374		No	-1,051		No	60.000 %
(166) NEWINGTON LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0763113	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-290,296	439,364		No			No	79.840 %
(167) 100 HOWE STREET ASSOCIATES LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1386762	INVESTMENT	CT	YALE UNIVERSITY	EXCLUDED FROM TAX	178,369	414,435	Yes				No	97.080 %
(168) HARBOR HILLS UTILITIES LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 16-1453800	INVESTMENT	DE	HARBOR HILLS HOLDINGS LP	UNRELATED	-15,044	375,641		No	-15,044		No	99.000 %
(169) LUXIVER NAWAB LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-3117734	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	15,181	363,304		No			No	100.000 %
(170) IVP V CO-INVESTMENT HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2707519	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	3,028,344	322,396		No			No	99.600 %
(171) 4620 ASSOCIATES LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 13-4036667	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	93,414	281,516		No			No	83.990 %
(172) WELBORN LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-1212127	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	308,231	278,565		No			No	79.840 %
(173) CRANBROOK LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-3115503	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	1,796,158	174,867		No			No	79.840 %
(174) 94 HOWE STREET ASSOCIATES LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1428914	INVESTMENT	CT	YALE UNIVERSITY	EXCLUDED FROM TAX	41,828	139,573	Yes				No	91.930 %
(175) TILDEN LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8558781	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	4,921,986	124,609		No			No	79.840 %
(176) STARFAR I PARTNERS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 94-3205101	INVESTMENT	DE	YALE UNIVERSITY	UNRELATED	-9,961	54,505		No	-9,961		No	60.830 %
(177) SANGAMORE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0357077	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	19,925	36,836		No			No	79.840 %
(178) CORBIN VI LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-0773197	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	436,882	28,573		No			No	79.840 %
(179) ANACONDA LIMITED PARTNERSHIP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-0596408	INVESTMENT	CA	FIFTH CENTURY LP	EXCLUDED FROM TAX	-1,960,844	-1,140,131		No			No	98.800 %
(180) SANGAMORE II LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2672293	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	10,861,153	-4,644,427	Yes		-9,257		No	79.840 %
(181) GREENFIELD LAND PARALLEL PARTNERS I LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4411467	INVESTMENT	DE	FOURTH CENTURY LLC	UNRELATED	-19,202,098	-4,823,445	Yes		-9,964,346		No	98.800 %
(182) OM HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5073267	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	131,283	-4,934,536		No			No	99.600 %
(183) HARBOR HILLS COUNTRY CLUB LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 16-1453797	INVESTMENT	DE	HARBOR HILLS HOLDINGS LP	UNRELATED	-473,399	-7,419,481		No	-473,399		No	99.000 %

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets		Yes	No
(1) NEW FYI LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	YALE UNIVERSITY	C	210,623,029	1,633,700,786	100.000 %	Yes
(2) GAOLING YALI FEEDER LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	FOURTH CENTURY LLC	C	-61,058,058	701,232,622	99.800 %	Yes
(3) CRS FUND LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 90-0314487	INVESTMENT	CJ	CYR HOLDINGS LP	C	77,982,858	498,818,632	99.600 %	Yes
(4) THE CAERULEUS FUND C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	YALE UNIVERSITY	C	162,708,733	486,084,756	100.000 %	Yes
(5) LTR FOCUS FUND C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	MP	YALE UNIVERSITY	C	42,847,817	394,689,926	100.000 %	Yes
(6) PWEB LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-3304430	INVESTMENT	DE	FOURTH CENTURY LLC	C	2,826,517	139,794,104	99.800 %	Yes
(7) FOURTH CENTURY TRUST C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-6699631	INVESTMENT	CT	YALE UNIVERSITY	T	10,623,432	97,612,964	100.000 %	Yes
(8) YB CAYMAN LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	YB INSTITUTIONAL LP	C	2,793,738	37,829,849	97.710 %		No
(9) 3285500 NOVA SCOTIA LIMITED C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CA	OM HOLDINGS LP	C	5,980,600	19,459,304	98.600 %	Yes
(10) NW UK REGIONAL II (NO1) LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-1208249	INVESTMENT	UK	FOURTH CENTURY LLC	C	551,024	17,075,957	99.800 %	Yes
(11) LP VALUE LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	VQ	YALE UNIVERSITY	C	-13,216,696	13,011,251	95.170 %	Yes
(12) CONNECTICUT BOOLA INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0798544	INVESTMENT	CT	YALE UNIVERSITY	C	702,988	10,867,210	100.000 %	Yes
(13) MANASLU PARTNERS LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	MP-MF HOLDINGS LP	C	10,456,786	10,432,834	99.600 %	Yes
(14) 2089841 ONTARIO LIMITED C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CA	FIFTH CENTURY LP	C	-795,056	4,121,936	98.800 %	Yes
(15) NCH INVESTORS FUND (YU) CORP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	FOURTH CENTURY LLC	C	-5,003,648	3,704,076	99.800 %	Yes
(16) FWEB LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-3304506	INVESTMENT	DE	FOURTH CENTURY LLC	C	140	3,534,900	99.800 %	Yes
(17) HARBOR HILLS COUNTRY CLUB INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 16-1452585	INVESTMENT	DE	HARBOR HILLS HOLDINGS LP	C	4	43,281	100.000 %	Yes
(18) HARBOR HILLS SALES INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 59-3343340	INVESTMENT	FL	HARBOR HILLS HOLDINGS LP	C		1,000	100.000 %	Yes
(19) YALE UNIVERSITY HONG KONG TRUST C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	ACCEPTS CHARITABLE CONTRIBUTIONS	HK	YALE UNIVERSITY	T	299,843	25	100.000 %	Yes
(20) DRAMA PRODUCTIONS INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0851103	PERFORMING ARTS	CT	YALE UNIVERSITY	C			100.000 %	Yes
(21) CHARITABLE POOLED INCOME FUNDS (3) C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CT	VARIOUS	T					No
(22) CHARITABLE REMAINDER TRUSTS (47) C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CT	YALE UNIVERSITY	T					No

Schedule R (Form 990) 2016

Page 3

Schedule R (Form 990) 2016

Page 3

Part V

Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

Yes

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

Yes

m Performance of services or membership or fundraising solicitations by related organization(s) .................

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

Yes

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

Yes

q Reimbursement paid by related organization(s) for expenses ............................

Yes

r Other transfer of cash or property to related organization(s) ............................

Yes

s Other transfer of cash or property from related organization(s) ............................

Yes

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) 100 HOWE STREET ASSOCIATES LLC	S	168,300	CASH VALUE
(2) 3C CORPORATION	B	4,020,937	CASH VALUE
(3) 3C CORPORATION	S	14,400,968	CASH VALUE
(4) 4620 ASSOCIATES LLC	S	85,170	CASH VALUE
(5) 5C CORPORATION	B	1,049,299	CASH VALUE
(6) 5C CORPORATION	S	4,214,249	CASH VALUE
(7) 94 HOWE STREET ASSOCIATES LLC	S	58,905	CASH VALUE
(8) BLUEBART LP	B	100,000,000	CASH VALUE
(9) CAERULEUS FUND	B	18,837,700	CASH VALUE
(10) CAERULEUS FUND	S	51,625,919	CASH VALUE
(11) CHARLES A COFFIN MEMORIAL FUND	S	300,000	CASH VALUE
(12) DRAMA PRODUCTIONS INC	P	1,048,973	CASH VALUE
(13) ELM STREET VENTURES LP	B	1,001,650	CASH VALUE
(14) ELM STREET VENTURES LP	S	1,500,571	CASH VALUE
(15) FARALLON CAPITAL INSTITUTIONAL PARTNERS 25 LP	B	454,332	CASH VALUE
(16) FARALLON CAPITAL INSTITUTIONAL PARTNERS 25 LP	S	5,300,778	CASH VALUE
(17) FARALLON CAPITAL INSTITUTIONAL PARTNERS II LP	B	5,300,778	CASH VALUE
(18) FARALLON CAPITAL INSTITUTIONAL PARTNERS II LP	S	8,784,671	CASH VALUE
(19) FIFTH CENTURY LP	B	270,151,425	CASH VALUE
(20) FIFTH CENTURY LP	S	1,118,276,722	CASH VALUE
(21) FOURTH CENTURY LLC	B	2,006,447,626	CASH VALUE
(22) FOURTH CENTURY LLC	S	1,836,755,014	CASH VALUE
(23) FOXWAY LP	B	62,500,000	CASH VALUE
(24) HARBOR HILLS HOLDINGS LP	B	250,000	CASH VALUE
(25) HIGH STREET PARTNERS LTD	B	75,000,000	CASH VALUE
(26) JONATHAN EDWARDS TRUST	S	59,129	CASH VALUE
(27) KILIMANJARO FUND LP	B	3,812,803	CASH VALUE
(28) LTR FOCUS FUND	B	15,000,000	CASH VALUE
(29) LUXIVER LP	B	20,000,000	CASH VALUE
(30) LUXIVER LP	S	65,000,000	CASH VALUE
(31) LUXIVER NAWAB LP	S	240,000	CASH VALUE
(32) MOTUS FUND LTD	B	40,000,000	CASH VALUE
(33) NEW FYI LTD	B	100,000,000	CASH VALUE
(34) PAUL MELLON CENTRE FOR STUDIES IN BRITISH ART	B	5,879,926	CASH VALUE
(35) STOECKEL E B RESIDUE TRUST	S	345,000	CASH VALUE
(36) THE BOARD OF TRUSTEES OF THE SHEFFIELD SCIENTIFIC SCHOOL	S	18,159,317	CASH VALUE
(37) THE CHIEF EXECUTIVE LEADERSHIP INSTITUTE OF THE YALE SCHOOL OF MGMT INC	S	500,382	CASH VALUE
(38) YALE UNIVERSITY ELIZABETHAN CLUB CORP	R	617,266	CASH VALUE
(39) YALE UNIVERSITY HONG KONG TRUST	C	299,843	CASH VALUE
(40) YALE UNIVERSITY PRESS LONDON	M	1,071,098	CASH VALUE
(41) YALE UNIVERSITY PRESS LONDON	L	1,079,760	CASH VALUE
(42) YALE UNIVERSITY RETIREE HEALTH BENEFITS COVERAGE TRUST	Q	26,896,097	CASH VALUE
(43) YEI INNOVATION FUND LLC	B	769,062	CASH VALUE

Schedule R (Form 990) 2016

Page 4

Schedule R (Form 990) 2016

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2016

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Schedule R (Form 990) 2016

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Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R (see instructions).

Return Reference	Explanation
SCHEDULE R, PART I-V:	NAME, ADDRESS AND EIN: THE FORM 990, SCHEDULE R, LISTS THE NAME OF EACH ENTITY AS OF THE DATE OF THE FORM 990 FILING. SCHEDULE R, PART III: GENERAL NOTE: DISPROPORTIONATE ALLOCATIONS INDICATED IN COLUMN (H) OF PART III GENERALLY RELATE TO I.) A GENERAL PARTNER'S TYPICAL CARRIED INTEREST WITH RESPECT TO PRIVATE FUND INVESTMENTS OR II.) ALLOCATIONS AMONG 501(C)(3) ORGANIZATIONS THAT ARE PARTNERS OR MEMBERS IN AN INVESTMENT ENTITY. SCHEDULE R, PART IV: AS OF JUNE 30, 2017, YALE UNIVERSITY HELD A GREATER THAN 50% BENEFICIAL INTEREST IN 47 CHARITABLE REMAINDER TRUSTS (CRTS). THE UNIVERSITY WAS THE TRUSTEE OF 40 OF THESE CRTS, OF WHICH 38 WERE DOMICILED IN CONNECTICUT, ONE IN PENNSYLVANIA AND ONE IN MASSACHUSETTS. SCHEDULE R, PART V: GENERAL NOTE: THIS SCHEDULE REFLECTS ALL TRANSFERS BY YALE UNIVERSITY TO CORPORATIONS, PARTNERSHIPS, OR OTHER ENTITIES CONTROLLED BY YALE AS DEFINED IN IRC SECTION 512(B)(13) AND RELATED TAX-EXEMPT ORGANIZATIONS NOT DESCRIBED IN IRC SECTION 501(C)(3). IN SOME INSTANCES, THESE ENTITIES MADE FURTHER TRANSFERS TO OTHER ENTITIES CONTROLLED BY THEM OR YALE UNIVERSITY. IN ADDITION, THIS SCHEDULE REFLECTS ALL TRANSFERS TO YALE UNIVERSITY BY CORPORATIONS, PARTNERSHIPS, OR OTHER ENTITIES CONTROLLED BY YALE AS DEFINED IN IRC SECTION 512(B)(13) AND RELATED TAX-EXEMPT ORGANIZATIONS NOT DESCRIBED IN IRC SECTION 501(C)(3). IN SOME INSTANCES, THESE ENTITIES RECEIVED TRANSFERS FROM OTHER ENTITIES CONTROLLED BY THEM OR YALE UNIVERSITY.

Return Reference

Explanation

SCHEDULE R, PART I-V:

NAME, ADDRESS AND EIN: THE FORM 990, SCHEDULE R, LISTS THE NAME OF EACH ENTITY AS OF THE DATE OF THE FORM 990 FILING. SCHEDULE R, PART III: GENERAL NOTE: DISPROPORTIONATE ALLOCATIONS INDICATED IN COLUMN (H) OF PART III GENERALLY RELATE TO I.) A GENERAL PARTNER'S TYPICAL CARRIED INTEREST WITH RESPECT TO PRIVATE FUND INVESTMENTS OR II.) ALLOCATIONS AMONG 501(C)(3) ORGANIZATIONS THAT ARE PARTNERS OR MEMBERS IN AN INVESTMENT ENTITY. SCHEDULE R, PART IV: AS OF JUNE 30, 2017, YALE UNIVERSITY HELD A GREATER THAN 50% BENEFICIAL INTEREST IN 47 CHARITABLE REMAINDER TRUSTS (CRTS). THE UNIVERSITY WAS THE TRUSTEE OF 40 OF THESE CRTS, OF WHICH 38 WERE DOMICILED IN CONNECTICUT, ONE IN PENNSYLVANIA AND ONE IN MASSACHUSETTS. SCHEDULE R, PART V: GENERAL NOTE: THIS SCHEDULE REFLECTS ALL TRANSFERS BY YALE UNIVERSITY TO CORPORATIONS, PARTNERSHIPS, OR OTHER ENTITIES CONTROLLED BY YALE AS DEFINED IN IRC SECTION 512(B)(13) AND RELATED TAX-EXEMPT ORGANIZATIONS NOT DESCRIBED IN IRC SECTION 501(C)(3). IN SOME INSTANCES, THESE ENTITIES MADE FURTHER TRANSFERS TO OTHER ENTITIES CONTROLLED BY THEM OR YALE UNIVERSITY. IN ADDITION, THIS SCHEDULE REFLECTS ALL TRANSFERS TO YALE UNIVERSITY BY CORPORATIONS, PARTNERSHIPS, OR OTHER ENTITIES CONTROLLED BY YALE AS DEFINED IN IRC SECTION 512(B)(13) AND RELATED TAX-EXEMPT ORGANIZATIONS NOT DESCRIBED IN IRC SECTION 501(C)(3). IN SOME INSTANCES, THESE ENTITIES RECEIVED TRANSFERS FROM OTHER ENTITIES CONTROLLED BY THEM OR YALE UNIVERSITY.

Schedule R (Form 990) 2016

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