# Lehigh University Endowment

Lehigh University Endowment is an Endowment / Foundation based in Bethlehem, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Bethlehem, United States
- **Region:** North America
- **Address:** Bethlehem, PA, United States
- **Founded:** 1865
- **Assets under management:** 2.2B (Altss estimate)
- **Website:** lehigh.edu
- **LinkedIn:** https://www.linkedin.com/company/lehigh-university

## Regulatory record

- **Reports private funds:** No

## About

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, 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.

## Sectors

- Private Equity
- Venture Capital
- Real Estate

## People

- Michael Gould — Chief Investment Officer
- Kristin Agatone — Former Chief Investment Officer

## 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.

### 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.

## Related profiles

- [Constellation Wealth Advisors](https://altss.com/profile/constellation-wealth-advisors)
- [Louisiana School Employees' Retirement System](https://altss.com/profile/louisiana-school-employees-retirement-system)

---

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

Canonical page: https://altss.com/profile/lehigh-university-endowment

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology