University of Pennsylvania Investment Office (UPenn)

University of Pennsylvania (Penn’s endowment) manages an endowment fund that is based in Philadelphia, Pennsylvania. The purpose of Penn’s endowment is to provide stable and perpetual support for the mission and programs of the University. The endowment supports a wide range of purposes across the institution, with the significant majority of funds dedicated to instructional use and student financial aid.

Asset allocation

5.1% US Equities

5.8% International Equities

5.7% Emerging Market Equities

34% US Treasuries

0% Corporate Bonds

20.5% Absolute Return

9.3% Real Assets

19.6% Private Equity

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of June 30, 2023. All information is as per the most recent annual report or other publicly available data via the fund's website