# Pennsylvania State University Long Term Investment Pool

Pennsylvania State University Long Term Investment Pool is an Endowment / Foundation based in University Park, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** University Park, United States
- **Region:** North America
- **Address:** University Park, Pennsylvania, United States
- **Assets under management:** 4.54B (Altss estimate)
- **Website:** oim.psu.edu

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Real Estate
- Natural Resources

## People

- 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

## 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.

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- [Calamos Wealth Management](https://altss.com/profile/calamos-wealth-management)
- [Bedrijfstakpensioenfonds MITT](https://altss.com/profile/bedrijfstakpensioenfonds-voor-de-mode-interieur-tapijt-en-textielindustrie-mitt)

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

Canonical page: https://altss.com/profile/pennsylvania-state-university-long-term-investment-pool

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