# Office of the President, University of Pennsylvania

Office of the President, University of Pennsylvania is a Pension Fund based in Philadelphia, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Philadelphia, United States
- **Region:** North America
- **Address:** 3451 Walnut Street 600 Franklin Building, Philadelphia, PA 19104-6380, United States
- **Founded:** 2001
- **Assets under management:** 768 (Altss estimate)
- **Website:** president.upenn.edu

## Regulatory record

- **Reports private funds:** No

## About

The Office of the President, University of Pennsylvania was established in 2001 to administer the Health and Welfare Plan for Retirees and Disabled Employees. J. Larry Jameson serves as interim president through 2027. The plan supplies healthcare and death benefits to eligible university employees and affiliates. The plan allocates 21.61 percent to private equity. Confirmed commitments include Perry Creek Capital Fund II, Greenbriar Equity Fund IV, Kleiner Perkins Select Fund II and AH Bio Fund IV. Real estate exposure runs through Marcus Capital Partners Fund IV and IMT Capital Fund VI. Geographic focus centers on the United States with additional holdings in North America. The office reports 768 million dollars under management. It maintains direct ownership of Pennovation Works, the Pavilion at the Hospital of the University of Pennsylvania valued at 1.6 billion dollars, Amy Gutmann Hall and the Penn Club of New York. The Associated Investments Fund holds 24.8 billion dollars as the primary endowment vehicle. A Bitcoin position valued at 5 million dollars is custodied with NYDIG. The office operates as the administrative arm of a university rather than a standalone family office. Investment decisions flow through the Board of Trustees chaired by Ramanan Raghavendran. Governance ties directly to university leadership succession and statutory fiduciary duties under the pension plan.

## Sectors

- Education

## People

- J. Larry Jameson — President (Interim)

## Questions

### Who runs investment decisions at the Office of the President, University of Pennsylvania?

J. Larry Jameson serves as interim president. The Board of Trustees chaired by Ramanan Raghavendran provides oversight. Investment execution occurs through external advisors including Nextech Invest.

### Does the Office of the President, University of Pennsylvania participate in fund commitments or only direct deals?

The plan acts as a limited partner in multiple funds. Positions include Perry Creek Capital Fund II, Greenbriar Equity Fund IV and Kleiner Perkins Select Fund II.

### What asset classes receive allocations from the University of Pennsylvania Health and Welfare Plan?

Private equity receives 21.61 percent. Real estate and venture capital commitments are also held. Direct real estate ownership includes the Pavilion and Pennovation Works.

### Where does the Office of the President, University of Pennsylvania source its investment opportunities?

Commitments are made through established fund managers. Direct holdings center on university-adjacent real estate and innovation assets in Philadelphia.

### How is the Office of the President, University of Pennsylvania related to the university endowment?

The office administers the Health and Welfare Plan separately from the main endowment. The Associated Investments Fund serves as the pooled vehicle for the majority of Penn's endowment assets.

## Related profiles

- [Debswana Pension Fund](https://altss.com/profile/debswana-pension-fund)
- [IGIS Asset Management](https://altss.com/profile/igis-asset-management)

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

Canonical page: https://altss.com/profile/office-of-the-president-university-of-pennsylvania

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