Claremont McKenna College's $2.1 billion long-term investment pool returned a net 5.2% for the fiscal year ended June 30, an annual financial report posted on the Claremont, Calif.-based college's website showed.
The return fell below the benchmark return of 5.8% for the period, according to the report.
For the 10 years ended June 30, the investment pool posted an annualized net return of 8.4%. The pool had returned a net -7.1% for the fiscal year ended June 30, 2022.
The college did not provide returns by asset class for the most recent fiscal year, but the report said the one-year return fell below five- and 10-year annualized returns "primarily due to private equity and venture capital investments performance."
The return for the most recent fiscal year, however, did exceed the median return of 4.5% among the 34 college and university endowments whose most recent fiscal-year returns have been tracked by Pensions & Investments as of Oct. 31.
As of June 30, the investment pool's actual allocation was 37.9% global equities, 25.4% private equity/venture capital, 11.3% U.S. Treasuries, 7.8% absolute return, 6.9% real assets, 4.4% long/short equity, 4% global fixed income and 2.3% cash equivalents.