# Penn State University

Penn State University is an Endowment / Foundation based in University Park, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** University Park, United States
- **Region:** North America
- **Address:** 331 Building Suite 316, University Park, PA 16802, United States
- **Founded:** 1855
- **Assets under management:** 6228 (Altss estimate)
- **Website:** psu.edu
- **LinkedIn:** https://www.linkedin.com/school/penn-state-university/

## Regulatory record

- **Reports private funds:** No

## About

Pennsylvania State University established its endowment framework in 1855. The Long-Term Investment Pool follows a prudent management philosophy that prioritizes intergenerational equity. The pool allocates 24.3 percent to private equity and maintains exposure to real estate, infrastructure, hedge funds, and natural resources. Public equities represent 37 percent of assets. Geographic reach centers on North America with supplementary global holdings in commodities and listed securities. No named external managers or specific co-investments appear in available records. The Office of Investment Management sits within Innovation Park on the University Park campus. Joseph Cullen leads day-to-day decisions with oversight from the Penn State Investment Council. The university maintains a separate Penn State Foundation for philanthropic activities. Governance rests with the Penn State Investment Council, which provides direct supervision of the endowment program separate from university operating budgets.

## Sectors

- Private Equity
- Real Estate
- Infrastructure
- Hedge Funds
- Natural Resources

## People

- Joseph Cullen — Chief Investment Officer
- Neeli Bendapudi — President
- Sara F. Thorndike — Senior Vice President for Finance and Business/Treasurer

## Questions

### Who runs investment decisions at Penn State University?

Joseph Cullen serves as Chief Investment Officer. The Penn State Investment Council provides direct oversight of the endowment and long-term investment program.

### What asset classes does the Long-Term Investment Pool use?

The pool holds private equity, public equities, real estate, infrastructure, hedge funds, and natural resources. Allocations include a 24.3 percent target to private equity.

### Does Penn State University commit to external funds or make direct investments?

The pool participates in both fund commitments and direct holdings. Records show a private equity portfolio held through the Long-Term Investment Pool.

### Where does the Penn State endowment maintain its primary geographic exposure?

Exposure centers on North America. Additional positions exist in global public equities and commodities.

### How is the Penn State Foundation related to the investment pool?

The Penn State Foundation operates as the primary fundraising arm. It remains separate from the Long-Term Investment Pool managed by the Office of Investment Management.

## Related profiles

- [SAUL](https://altss.com/profile/superannuation-arrangements-of-the-university-of-london)
- [Texas Health Resources](https://altss.com/profile/texas-health-resources)

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

Canonical page: https://altss.com/profile/penn-state-university

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