Updated:
Pennsylvania State University Long Term Investment Pool
The Pennsylvania State University Long Term Investment Pool was established to manage endowed funds and other permanent capital for the university.
Overview
The Pennsylvania State University Long Term Investment Pool was established to manage endowed funds and other permanent capital for the university. Joseph M. Cullen leads day-to-day investment decisions as Chief Investment Officer. The pool allocates across real estate, natural resources, commodities and opportunistic assets. Geographic reach includes positions in North America and international markets. The structure operates like a mutual fund for internal university participants, with no external fund commitments disclosed. Sara F. Thorndike chairs the Penn State Investment Council as Senior Vice President for Finance and Business. The council includes Randall E. Black, Barbara L. Doran and Brandon D. Short. Governance rests with the Investment Council and university officers rather than a separate family or external manager structure.
General information
Firm type
Endowment / Foundation
Location
Region
North America
Country
United States
City
University Park
Corporate office
University Park, Pennsylvania, United States
Principals
Joseph M. Cullen
Chief Investment Officer, Office of Investment Management
Sara F. Thorndike
Senior Vice President for Finance and Business/Treasurer and Chair of the Penn State Investment Council
Randall E. Black
At-Large Member of the Penn State Investment Council
Barbara L. Doran
At-Large Member of the Penn State Investment Council
Brandon D. Short
At-Large Member of the Penn State Investment Council
Sector focus
Frequently asked questions
Who runs investment decisions at Pennsylvania State University Long Term Investment Pool?
Joseph M. Cullen serves as Chief Investment Officer. Sara F. Thorndike chairs the Penn State Investment Council.
What asset classes does the pool hold?
Holdings include real estate, natural resources, commodities and opportunistic assets.
Is the pool open to external investors?
The pool functions as an internal commingled vehicle for university endowed funds and long-term assets.
Where does the underlying capital originate?
Capital comes from endowed gifts and other permanent university funds.
Profile maintained by Altss. Updated: . To correct this record or make a privacy request, send the page URL and your evidence to privacy@altss.com; corrections are free.
Need institutional-grade insight on endowments & foundations?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: