Yale University Endowment

Overview

Yale University Endowment is the investment fund of Yale University, managed to support the university's mission and operations. Established in 1718, the endowment has grown to become the world's second-largest university endowment, valued at $44.1 billion as of June 30, 2025. It is managed by the Yale Investments Office, which employs a long-term, partnership-oriented approach to investing. This strategy has led to an 11.1% investment return for the fiscal year ending June 30, 2025, generating $4.5 billion in investment gains. The endowment's diversified portfolio includes investments in private equity, venture capital, hedge funds, real estate, and other asset classes. It supports every facet of Yale University, contributing roughly a third of the university's annual operating budget. The endowment's strength enables Yale to support its mission, including financial aid, research initiatives, and outreach programs in New Haven. The Yale Investments Office continues to focus on prudent risk-taking and sustainable spending to ensure the endowment's growth and the university's long-term success.

Investment Focus

• Preference for investments aligned with Yale's mission and values
• Interest in long-term partnerships with world-class managers
• Focus on diversified portfolios across various asset classes and geographies

Portfolio Companies