# University of Toronto Endowment

University of Toronto Endowment is an Endowment / Foundation based in Toronto, Canada.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** 215 Huron Street 2nd Floor, Toronto, ON, Canada
- **Assets under management:** Undisclosed
- **Website:** finance.utoronto.ca

## About

The University of Toronto Endowment was established to steward gifts that fund university operations. UTAM was created as the dedicated manager of these assets, with oversight from the university president and board members including Meric Gertler. UTAM invests across real estate, private equity, and other asset classes through limited partner commitments. Confirmed positions include Beacon Capital Partners, Brookfield Asset Management, Clearlake Capital Group, ARC Energy Fund, Ambienta, PAG, and AGG Capital Management. Allocations span the United States, Canada, Europe, and Asia. The endowment maintains the LTCAP as its primary vehicle with an approximate value of $2.6 billion. UTAM employs external advisors including AQR Capital Management since 2017 and Allianz Global Investors since 2024. September 2024: Spoke at the Conference on Historical and Contemporary Antisemitism in Toronto on campus issues. UTAM maintains a distinct governance structure as a separately incorporated entity reporting to the university's Governing Council. This setup isolates investment decisions from direct academic administration while aligning capital deployment with long-term institutional needs.

## Sectors

- Real Estate
- Private Equity

## People

- Chuck O'Reilly — President and Chief Investment Officer of UTAM
- Meric Gertler — President of the University of Toronto

## Questions

### Who runs investment decisions at the University of Toronto Endowment?

Chuck O'Reilly serves as President and Chief Investment Officer of UTAM, the entity that manages endowment assets. Meric Gertler, university president, sits on the UTAM board.

### Does the University of Toronto Endowment participate in fund commitments or only direct deals?

UTAM invests exclusively as a limited partner in external funds and vehicles. Positions include commitments to Beacon Capital Partners, Brookfield Asset Management, and Clearlake Capital Group.

### Which sectors does the University of Toronto Endowment allocate to through UTAM?

Allocations target real estate, private equity, energy, and sustainability strategies. Geographic exposure includes the United States, Canada, Europe, and Asia.

### How is UTAM related to the University of Toronto?

UTAM is a separately incorporated organization created to manage the university's endowment assets. It reports to the Governing Council while maintaining operational independence.

### What investment stages or structures does UTAM use?

UTAM deploys through limited partner commitments to commingled funds and co-investment opportunities. No direct operating company ownership is disclosed.

### Does the University of Toronto Endowment maintain membership in industry networks?

The endowment is a signatory to the Principles for Responsible Investment since 2016 and a member of the UN-convened Net-Zero Asset Owner Alliance. It also endorses ILPA Private Equity Principles.

### What service providers support UTAM operations?

Ernst & Young serves as auditor. State Street acts as custodian. Legal counsel includes Cassels Brock & Blackwell and Blake, Cassels & Graydon.

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Last updated: 2026-07-08T21:03:56.387Z

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