LP profile · Endowment
Michigan State University
Michigan State University is a endowment headquartered in United States (North America). Ranked #160 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- Michigan State University was founded in 1855 as the Agricultural College of the State of Michigan, the first institution of higher learning in the United States to teach scientific agriculture.
- The university's Investment Office is responsible for managing the long-term endowment assets. The first chief investment officer was appointed in 2016, centralizing the management of the fund.
Source of Capital
- The university's investment capital is derived from its endowment, which is a perpetual fund composed of donations, bequests, and accumulated investment returns.
- These funds are designated to provide a steady and consistent source of income to support scholarships, faculty, research, and university programs.
Major Events
- In 2023, the university's endowment fund became the majority investor in Detroit's Fisher Building, acquiring a 79% stake in the landmark property.
Allocation Strategy
- The endowment's portfolio is diversified across various asset classes, including traditional long-only equity and fixed income, as well as alternative strategies such as hedge funds and private investments.
- As of June 2023, the endowment held over $4 billion in assets under management.
- The Investment Office utilizes external investment advisors to manage the portfolio's assets across its different strategies.
Sources
- https://investments.msu.edu/
- https://givingto.msu.edu/ways-to-give/endowments
- https://apnews.com/article/michigan-state-university-fisher-building-72c2a5f36427b83de6e94a7c7212a8c8
- https://prod.crainsdetroit.com/banking-finance/michigan-state-channels-warren-buffett-beat-ivy-league-funds
- https://www.msu.edu/about/history