The University of Michigan’s long-term investment portfolio, which consists mostly of the university’s endowment, grew 2.2 percent in the last fiscal year, according to a recent report.
As of June 30, the university’s endowment had rose $325 million during fiscal year 2022 to a market value of $17.3 billion. According to Erik Lundberg, CIO of the University of Michigan, the portfolio’s performance was among the highest for universities with large endowments, with most reporting losses for the 2021–2022 fiscal year. The average return for college and university endowments was –6.5 percent in 2021.
The University of Michigan’s long-term investment portfolio has a 20-year annualized return of 9.9 percent, compared with the median 20-year annualized return of 7.4 percent among college and university endowments.
“Our investments in renewable fuel and sustainable energy contributed significantly to the positive performance last year, along with other i
