Princeton University's endowment returned 12.7% for the fiscal year ended June 30, said an announcement posted on the university's website.
Assets grew to $22.7 billion, up about 8.1% from $21 billion as of June 30, 2014. The return and asset size will be certified Oct. 22 at a meeting of the Princeton University Investment Co., Princeton, N.J., which manages the endowment.
The announcement said the endowment posted an annualized return of 10.1% for the past 10 years. “The continuing strong performance of the endowment makes it possible to sustain the university's generous financial aid,” Provost David Lee said in the announcement.
Martin Mbugua, director of media relations for the university, declined to comment on the endowment's performance or strategy.