Is investing in endowments a smart move?

I’ve been hearing more about endowment funds lately and I’m curious about what people here think. It seems like a way to get exposure to a diversified portfolio, but I’m not sure how they really perform compared to traditional investments. Have any of you invested in them before? What’s been your experience? Do you think they’re worth the time and resources, or do you prefer sticking with stocks and bonds? I’m also wondering about the risks involved. Any insights would be super helpful since I’m trying to figure out if this is a good path for a long-term strategy. Would love to hear your thoughts!