# Singapore Management University Endowment

Singapore Management University Endowment is an Endowment / Foundation based in Singapore, Singapore.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Singapore, Singapore
- **Region:** Asia
- **Address:** 81 Victoria Street, Singapore 188065
- **Founded:** 2000
- **Assets under management:** 1.7B (Altss estimate)
- **Website:** smu.edu.sg
- **LinkedIn:** https://sg.linkedin.com/school/singapore-management-university/

## Regulatory record

- **Reports private funds:** No

## About

The Singapore Management University Endowment was established in 2000 alongside the university. It receives support from donors including the Lee Foundation, Li Ka Shing Foundation and Lien Foundation. The endowment supplies a stable earnings stream for university spending. Allocations span public and private equity, real assets, hedge funds and fixed income. Confirmed holdings include Ardian Secondary Fund VIII via the SMU Endowment Fund and exposure to startups such as Equatorial Space Systems and TurtleTree Labs through Protégé Ventures and SMU Business Innovations Generator. Geographic reach covers Singapore and global markets. The endowment reports 1.7 billion USD under management. It maintains service relationships with Cambridge Associates as advisor since 2004, DBS Bank as custodian and BNY Mellon. October 2024 sponsorship of the SMU Sustainable Finance Executive Development Programme marked one recent operational step. Board oversight by trustees drawn from DBS, GIC and Temasek creates direct links to Singapore's major state-linked institutions. This structure channels capital through both direct holdings and external fund commitments.

## Sectors

- Diversified
- Private Equity
- Hedge Funds
- Real Assets

## People

- Piyush Gupta — Chairman
- Lily Kong — President
- Teo Jwee Liang — Former CIO

## Questions

### Who runs investment decisions at Singapore Management University Endowment?

Piyush Gupta serves as Chairman of the Board of Trustees. Teo Jwee Liang previously acted as CIO. Cambridge Associates provides ongoing advisory support.

### Does Singapore Management University Endowment participate in fund commitments or only direct deals?

The endowment acts as limited partner in funds including Ardian Secondary Fund VIII and Protégé Ventures vehicles. It also maintains direct real-asset holdings on the SMU campus.

### What investment stages does Singapore Management University Endowment typically target?

The endowment pursues venture capital, buyout, growth, secondaries and special situations strategies through its fund commitments and co-investment program.

### How is Singapore Management University Endowment related to SMU Foundation?

SMU Foundation serves as the primary philanthropic arm that channels donations into the endowment. Both entities were established in 2000.

## Related profiles

- [Fondo Pensioni per il Personale Cariplo](https://altss.com/profile/fondo-pensioni-per-il-personale-cariplo)
- [Industrial Development Agency](https://altss.com/profile/industrial-development-agency)

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

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

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