Pennsylvania State University's long-term investment pool returned a net 10.6% for the fiscal year ended June 30, according to a fiscal-year update posted on the University Park, Pa.-based school's website.
For the five and 10 years ended June 30, the investment pool returned an annualized net 10.3% and 8.2%, respectively.
The long-term investment pool had returned a net 3.9% for the fiscal year ended June 30, 2023.
Benchmarks and returns by asset class were not provided.
For the most recent fiscal year, the long-term investment pool’s return exceeded the median return of 10% among the 38 college and university endowments whose returns for the period have been tracked by Pensions & Investments as of Oct. 31.
As of June 30, the long-term investment pool's actual allocation was 40.1% public equities, 20.6% private equity, 15.1% fixed income, 13.8% real assets and 10.4% opportunistic strategies.
The long-term investment pool has more than $6 billion in total assets and includes $4.9 billion in endowment assets.
