Dartmouth College's endowment returned a net 12.2% for the fiscal year ended June 30, the Hanover, N.H.-based university announced in a news release on Thursday.
The endowment ended the fiscal year with $5.5 billion in assets. The news release said the endowment had $591 million in net investment gains, plus $183 million in gifts and other net transfers during the fiscal year.
For the five, 10 and 20 years ended June 30, the endowment returned an annualized net 10.6%, 7.6% and 9.8%, respectively. For the fiscal year ended June 30, 2017, the endowment returned a net 14.6%.
"Portfolio gains were driven by robust U.S. equity markets combined with strong venture capital and private equity returns," said Alice A. Ruth, chief investment officer, in the news release. "Dartmouth's endowment is fortunate to partner with a roster of top-tier investment managers who add tremendous value."
Benchmark returns and asset class information were not provided. Dartmouth spokeswoman Amy D. Olson said in an email that more information will appear in the endowment’s annual report later this fall.