# DePauw University

DePauw University is an Endowment / Foundation based in Greencastle, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Greencastle, United States
- **Region:** North America
- **Address:** Emison Building 204 E. Seminary, Greencastle, Indiana, United States
- **Founded:** 1837
- **Assets under management:** 932.6 (Altss estimate)
- **Website:** depauw.edu
- **LinkedIn:** https://www.linkedin.com/school/depauw-university/

## Regulatory record

- **Reports private funds:** No

## About

DePauw University was established in 1837 in Greencastle, Indiana. Lori S. White serves as its president. The endowment supplies operating support for academic programs and receives major gifts including a $200 million donation recorded in 2024. The endowment allocates across real estate, private equity commitments, and venture exposure. Confirmed holdings include direct ownership of the 520-acre DePauw Nature Park, Seminary Square mixed-use project developed with Buckingham Companies, and limited partner stakes in Stonehill Institutional Partners LP and Stonelake Opportunity Partners III LP. Geographic reach centers on North America with primary activity in Indiana and additional fund exposure across the United States. The university employs 209 staff. CornerStone Partners LLC has served as investment advisor since 2014. Northern Trust acts as custodian. In July 2024 the endowment presented at the NACUBO Annual Meeting on investment management practices for smaller endowments. The endowment maintains a 100 percent ownership stake in Asbury Holdings Inc., the dedicated real estate holding company. This structure separates operating real estate from the investment portfolio and allows direct control over campus-adjacent development projects.

## Sectors

- Education
- Financial Services
- Real Estate

## People

- Lori S. White — President
- Doug I. Smith — Chair of the Board of Trustees
- Gregory A. Sissel — Chair-Elect of the Board of Trustees

## Questions

### Who runs investment decisions at DePauw University Endowment?

Lori S. White serves as president. The Board of Trustees, chaired by Doug I. Smith, oversees policy. CornerStone Partners LLC provides external investment advisory services.

### Does DePauw University Endowment participate in fund commitments or only direct deals?

The endowment holds limited partner interests in multiple private funds including Q-BLK Private Capital II, Stonehill Institutional Partners LP, and Tailwater E&P Opportunity Fund II. It also owns real estate assets directly through Asbury Holdings Inc.

### What asset classes does the endowment hold?

Holdings include direct real estate such as the DePauw Nature Park and Seminary Square development, private equity and venture fund commitments, municipal bonds, and a reported Bitcoin position.

### How is DePauw University Endowment related to Lilly Endowment Inc.?

Lilly Endowment Inc. acts as a philanthropic partner providing multi-million dollar grants for university initiatives separate from the endowment corpus.

### What investment stages does the endowment target through its fund commitments?

Commitments include early-stage vehicles such as Q-BLK Private Capital II alongside buyout and special situations funds.

## Related profiles

- [Saison Ventures](https://altss.com/profile/saison-ventures)
- [AMPREV](https://altss.com/profile/amprev)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/depauw-university

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