# Pace University Endowment

Pace University Endowment is an Endowment / Foundation based in New York, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** One Pace Plaza, New York, NY 10038, United States
- **Founded:** 1906
- **Assets under management:** 262.1 (Altss estimate)
- **Website:** pace.edu
- **LinkedIn:** https://www.pace.edu

## Regulatory record

- **Reports private funds:** No

## About

Pace University was founded in 1906. Its endowment functions as the primary investment vehicle supporting scholarships and academic programs across undergraduate, graduate, and law school levels. The endowment targets 15 percent of assets to private equity and maintains exposure to public equities through S&P 500 index funds. It owns and operates a portfolio of New York City buildings that include One Pace Plaza, 15 Beekman Street, 41 Park Row, and 33 Beekman Street, plus the 218-acre Pleasantville campus in Westchester County. These holdings combine academic space, residence halls, and administrative facilities. The endowment lists 262.1 million dollars under management. It retains Cambridge Associates as investment advisor and KPMG as auditor. In March 2024 the university presented on vertical campus development at the SCUP North Atlantic Conference. Governance centers on the Board of Trustees and its investment committee, which oversee both financial assets and real estate operations without separate external fund vehicles.

## Sectors

- Education

## People

- Richard Zannino — Chair of the Investment Committee
- Robert S. Sands — Chair of the Board of Trustees
- Marvin Krislov — President

## Questions

### Who chairs the investment committee at Pace University Endowment?

Richard Zannino serves as Chair of the Investment Committee. He is also Managing Director at CCMP Capital.

### What asset classes receive target allocations from the endowment?

The endowment maintains a 15 percent target allocation to private equity and uses S&P 500 index funds for public equity exposure.

### Does the endowment hold direct real estate?

Yes. It directly owns multiple Manhattan properties including One Pace Plaza, 15 Beekman Street, and 41 Park Row, plus the Pleasantville campus.

### Which external firms advise the endowment?

Cambridge Associates has served as investment advisor since 2013. KPMG acts as auditor.

### What recent campus projects has the endowment supported?

The endowment financed the 2023 opening of the 26-story 15 Beekman Street vertical campus and a multi-hundred-million-dollar renovation of One Pace Plaza.

## Related profiles

- [Addicus Advisory](https://altss.com/profile/addicus-family-office)
- [Illinois Wesleyan University](https://altss.com/profile/illinois-wesleyan-university-iwu)

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

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

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