Operating under the guidance of Yale’s Investment Committee, the Investments Office manages Yale’s Endowment. The Endowment contains thousands of funds with a variety of purposes and restrictions. Approximately three-quarters constitute true endowment – gifts restricted by donors to provide long-term funding for designated purposes. The remaining one-quarter represents quasi-endowment, monies that the Yale Corporation chooses to invest and treat as endowment.
Yale University Investments Office
United States
$49
11.10
Matt Mendelsohn
Michael Cavanagh
25.8% Developed equities
0.2% Emerging equities
16.4% Marketable alternatives
15.1% Fixed income
17.1% Leveraged buyouts
11.3% Venture capital
8.9% Real assets
5.2% Cash
Asset allocation as of June 30, 2025. All information is as per the most recent annual report or other publicly available data via the fund's website
| Fund Name | Country | AUM ($B) | Articles | More Info |
|---|---|---|---|---|
New York State Common Retirement Fund | United States | $273 | 35 | View Info |
Future Fund | Australia | $163 | 97 | View Info |
California Public Employees Retirement System (CalPERS) | United States | $563 | 312 | View Info |
