Yale University has updated its policy regarding socially responsible investments, saying it will work with investment managers of private equity funds and hedge funds to adhere to its standards.

The university will consider various options, including working with the fund managers to exit "the relevant position," and it might even pull out of funds that it considers to be socially irresponsible "as a last resort."

Yale's endowment's investments totaled about $29.4 billion, 60% of which represented alternative investments, according to Bloomberg News.