Saint Peter's University

Saint Peter's University

Saint Peter's University is a private Jesuit university founded in 1872 in Jersey City, New Jersey. Kenneth M. Moore, a long-time figure in New Jersey business and higher education, chairs the Board of Trustees. The university's endowment, which stood at roughly $125M as of fiscal 2023 per public filings, anchors a broader capital strategy that includes real estate development and donor-funded construction. Strategy and deployment focus on campus real estate and infrastructure. Assets include the Saint Peter's Tower mixed-use development at Montgomery Street and Tuers Avenue, Panepinto Hall (a residential hall), and the Mac Mahon Student Center. Joseph A. Panepinto, an alumnus and $10M donor, is both a board member and development partner; Thomas P. Mac Mahon, a $5M donor and former CEO of LabCorp, also serves as a business partner. The university's physical portfolio spans Jersey City and includes commercial holdings at 137-155 York Street. Stages are development and long-term ownership, with no disclosed track record of outside venture or private equity investments. The Board of Trustees oversees asset allocation. The Student Managed Investment Fund (SMIF) gives students experience in portfolio management. The university is a member of the Association of Jesuit Colleges and Universities (AJCU). In recent years, the university expanded its campus with Panepinto Hall (opened 2015) and pursued the proposed Saint Peter's Tower development, reflecting an ongoing infrastructure push. Saint Peter's operates with a unusual mandate for a university endowment: significant direct real estate development, funded partly through major donor partnerships. This hybrid approach, where trustees are also development partners, contrasts with traditional outsourced endowment management. Governance is centralized under the Board of Trustees, with no publicly disclosed separate foundation or investment office.