# Old Dominion University

Old Dominion University is an Endowment / Foundation based in Norfolk, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Norfolk, United States
- **Region:** North America
- **Address:** 4417 Monarch Way 4th Floor, Norfolk, VA, United States
- **Founded:** 1930
- **Assets under management:** 353 (Altss estimate)
- **Website:** odu.edu
- **LinkedIn:** https://www.linkedin.com/school/old-dominion-university/

## Regulatory record

- **Reports private funds:** No

## About

Old Dominion University was established in 1930 as a public doctoral research university in Norfolk, Virginia. Brian Hemphill is its current president. The endowment and foundations receive and deploy capital to advance academic programs and campus infrastructure. The university allocates across real estate, private equity, venture capital, and infrastructure. Confirmed limited partner positions include Darwin Venture Capital, Park Street Private Equity Fund VI, Portfolio Advisors Private Equity Fund, Commonfund Capital Venture Partners, and Accolade Partners IV. Geographic focus remains North America with primary activity in Virginia. The Old Dominion University Educational Foundation, Real Estate Foundation, and Research Foundation each manage distinct mandates. Employee count stands at 2,927. Additional vehicles include the Barry Art Museum and Monarch Way mixed-use development. Recent activity includes participation at the Google Public Sector Summit in October 2025 on the MonarchSphere AI incubator. Service providers include Mercer as investment advisor and Kaufman & Canoles as legal counsel. The three-foundation structure separates gift administration, real estate operations, and grant management. This architecture allows independent oversight of endowment investments, campus development, and research contracts while reporting to the Board of Visitors.

## Sectors

- Higher Education
- Research
- Healthcare Services
- AI/ML

## People

- Brian Hemphill — President
- Mike LaRock — Chief Investment Officer
- P. Murry Pitts — Rector of the Board of Visitors

## Questions

### Who runs investment decisions at Old Dominion University?

Mike LaRock serves as Chief Investment Officer of the ODU Foundations. Mercer acts as external investment advisor.

### Does Old Dominion University participate in fund commitments or only direct deals?

The university holds limited partner positions in multiple private equity and venture funds including Darwin Venture Capital and Park Street Private Equity Fund VI.

### What asset classes appear in the portfolio?

Holdings include real estate, private equity, venture capital, and infrastructure through both direct ownership and fund commitments.

### How is the endowment governed?

Three separate foundations handle educational gifts, real estate, and research grants under oversight from the Board of Visitors.

### Where does the university maintain its primary real estate holdings?

Assets are concentrated in Norfolk, Virginia, including the main campus, Monarch Way development, and Barry Art Museum.

## Related profiles

- [Tokyo Gas](https://altss.com/profile/tokyo-gas)
- [Bradley University Endowment](https://altss.com/profile/bradley-university-endowment)

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

Canonical page: https://altss.com/profile/old-dominion-university-odu

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