Baylor University Endowment Fund

Baylor University Endowment Fund

The Baylor University Endowment Fund operates as the investment vehicle for Baylor University. It was established to steward university assets and generate returns that support institutional operations. Dave Morehead leads investment activities as Chief Investment Officer. The portfolio spans public and private markets with allocations to real estate, natural gas, and powered data centers. Direct holdings include multiple apartment complexes in Waco such as Browning Square Apartments and Pinetree Apartments, plus commercial assets including a Jacksonville shopping mall. The fund also maintains art collections and aircraft leases. Geographic exposure centers on the United States with additional real estate in Puerto Rico. The endowment participates in the NACUBO-Commonfund Study of Endowments. Renee Hanna serves as Managing Director of Private Investments and represents the fund on LPACs. Jay A. Brown chairs the Baylor Board of Regents Finance and Facilities Committee. No recent operational events from the last 24 months appear in available records. The fund maintains a direct ownership model over local real estate assets rather than relying solely on external managers. This structure ties investment decisions closely to university governance through the Board of Regents committee.