Penn State University's investment pool logs 36.6% return

Pennsylvania State University's $6.2 billion long-term investment pool returned a net 36.6% for the fiscal year ended June 30

The return finished above the pool's strategic allocation benchmark of 31.8%, according to a fiscal-year update posted on the University Park, Pa.-based school's website.

For the three, five and 10 years ended June 30, the long-term investment pool returned an annualized net 15.8%, 13.5% and 10.1%, respectively, above the respective benchmarks of 14.1%, 12.7% and 9.5%.

The investment pool had returned a net 5.7% for the fiscal year ended June 30, 2020.

Returns by asset class for the most recent fiscal year were not included in the update.

As of June 30, the investment pool's actual allocation was 23% private equity, 21.6% domestic equities, 20.2% international equities, 12.7% diversifying strategies, 12.5% fixed income, 7.3% real assets and 2.7% global equity.The long-term investment pool includes about $4.4 billion in endowment assets.

Joseph Cullen, chief investment officer, could not be immediately reached for further information.