Lehigh University, Bethlehem, Pa., returned 15% on its endowment for the fiscal year ended June 30, topping its 13.2% benchmark return, said a performance report on the university's website.
A breakout of asset class returns was not provided.
For the three, five and 10 years ended June 30, the roughly $1.2 billion endowment returned an annualized 4.6%, 7.3%, and 3.5%, respectively, surpassing its benchmark returns of 4.4%, 6.5% and 3% for each of those periods. Last fiscal year, the endowment returned a net -2.7%.
The endowment's target asset allocation is 45% public equity, 20% each private equity and absolute return, 10% treasuries/cash and 5% real estate.
Kristin Agatone, chief investment officer, could not immediately be reached for additional information.