# University of the Pacific Endowment

University of the Pacific Endowment is an Endowment / Foundation based in Stockton, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Stockton, United States
- **Region:** North America
- **Address:** 3601 Pacific Avenue, Stockton, CA 95211, United States
- **Founded:** 1851
- **Assets under management:** $643M (Altss estimate)
- **Website:** pacific.edu
- **LinkedIn:** https://www.pacific.edu

## Regulatory record

- **Reports private funds:** No

## About

The University of the Pacific Endowment is the financial engine for a private university chartered in 1851, two years after the California Gold Rush began. While the university’s president, Christopher Callahan, provides executive oversight, the investment posture is shaped by Evan Dreyfuss as the Regent Chair of the Investment Committee and CFO James Walsh, who leads finance and operations. The endowment’s wealth stems not from a single industrial fortune but from over 170 years of accumulated gifts — the largest a $125 million commitment from the late Robert and Jeanette Powell. The portfolio operates across three distinct vectors. Direct real estate is the most visible, with three core campus properties in Stockton, Sacramento, and San Francisco managed by Edward Casillas. The liquid and alternative sleeves cover venture capital, buyouts, mezzanine debt, natural resources, distressed debt, and secondaries. The endowment diversifies further through two student-operated funds: the Eberhardt Student Investment Fund, founded by Bank of Stockton CEO Douglass Eberhardt, and the Dreyfuss Family Fixed Income Fund, which adds a fixed-income training mandate. Geographic exposure is concentrated on the West Coast, with physical assets in California’s Central Valley, state capital, and Bay Area. The endowment operates with a lean in-house team, making it difficult to size headcount precisely, though key investment decisions flow through the Board of Regents’ Investment Committee. The Powell Fund and the Berryman Family Business Fellows Endowment illustrate the donor-advised capital that lives alongside the main pool, while its West Coast Conference athletic ties provide an unusual networking surface for a pool of this size. A defining structural feature is the endowment’s reliance on regent-led, committee-driven governance rather than an independent investment office. This embeds investment oversight inside the university’s fiduciary board and creates a tight loop between the institution’s operational leadership and its capital allocation. The two student-directed investment funds add a unique educational mandate — effectively running a small live-money laboratory inside a larger, more conventional endowment portfolio — which few peer endowments replicate at this scale.

## Sectors

- Real Estate
- Private Credit
- Natural Resources
- Secondaries & Special Situations
- Venture (General)
- Buyout

## Offices

- 3200 Fifth Avenue, Sacramento, CA 95817
- 155 Fifth Street, San Francisco, CA 94103

## People

- Evan Dreyfuss — Regent and Chair of the Board of Regents' Investment Committee
- James Walsh — Chief Financial Officer and Executive Vice President for Finance and Operations
- Christopher Callahan — President of the University of the Pacific
- Edward Casillas — Director of Real Estate and Real Property Asset Management
- Douglass Eberhardt — CEO of Bank of Stockton and founder of the Student Investment Fund

## Questions

### Who runs investment decisions at the University of the Pacific Endowment?

The Board of Regents' Investment Committee, chaired by Evan Dreyfuss, governs the portfolio. Execution runs through CFO James Walsh and the university’s finance and operations office. A distinct real estate function is led by Edward Casillas, who oversees the endowment's California campus properties directly.

### How does the Endowment source its venture and private market deal flow?

The endowment sources deals primarily through external fund commitments and regent networks rather than a dedicated internal sourcing team. Its student-run funds — the Eberhardt Student Investment Fund and the Dreyfuss Family Fixed Income Fund — can also provide a unique experiential pipeline, though they function mainly as educational vehicles. The endowment’s formal membership in the Intentional Endowments Network provides additional exposure to mission-aligned manager and co-investment opportunities.

### How much real estate does the Endowment own directly?

The endowment owns and manages three core campus properties directly: the main Stockton campus at 3601 Pacific Avenue, a Sacramento campus at 3200 Fifth Avenue, and a San Francisco commercial campus at 155 Fifth Street. These properties are overseen by Edward Casillas, the Director of Real Estate and Real Property Asset Management. The assets function both as operational university facilities and as a significant physical allocation within the endowment portfolio.

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/university-of-the-pacific-endowment

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