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Lehigh University Endowment
Lehigh University was founded in 1865 by Asa Packer. The endowment functions as the primary perpetual capital vehicle supporting university operations.
Lehigh University Endowment
Lehigh University was founded in 1865 by Asa Packer. The endowment functions as the primary perpetual capital vehicle supporting university operations. The portfolio allocates to public equities managed by sector specialists, private equity and venture capital funds, and direct real estate. Confirmed holdings include limited partnership interests in TrueBridge Capital Partners funds, HarbourVest International Private Equity Partners, MBW Venture Partners, Blue Sage Capital, Ardian, Aqua Capital and TA Associates. Geographic exposure spans the United States, Europe and Brazil. Real estate assets include the 2,350-acre campus portfolio and a separate industrial and multi-family allocation valued at $115 million. The Investment Office employs Michael Gould as interim Chief Investment Officer following the 2025 departure of Kristin Agatone. Additional offices are not disclosed. The university maintains the Tower Society for endowed fund donors and participates in the NACUBO-Commonfund Study of Endowments. May 2024: Michael Gould appeared as panelist at the Spring Investment Academy Forum. Governance rests with the university Board of Trustees and the Investment Office rather than a separate family entity. Service providers include Cambridge Associates as investment advisor and BNY Mellon as custodian.
General information
Firm type
Endowment / Foundation
Year founded
1865
AUM
2.2B (Altss estimate)
Location
Region
North America
Country
United States
City
Bethlehem
Corporate office
Bethlehem, PA, United States
Principals
Michael Gould
Chief Investment Officer
Kristin Agatone
Former Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Lehigh University Endowment?
Michael Gould serves as interim Chief Investment Officer. Kristin Agatone held the role from 2016 until 2025.
Does Lehigh University Endowment participate in fund commitments or only direct deals?
The endowment holds limited partnership interests in multiple private equity and venture capital funds including TrueBridge, HarbourVest and Ardian vehicles.
Where does the underlying wealth come from?
The endowment traces to Asa Packer, founder of Lehigh University in 1865.
What investment stages does Lehigh University Endowment typically target?
Allocations include public equities, private equity across vintages from 2010 onward, and real estate.
How is Lehigh University Endowment related to the university?
The endowment is managed by the university Investment Office and supplies operating support for Lehigh University.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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