California Institute of Technology

Pasadena CA. One of world's premier science and engineering universities (~2,200 students). Manages JPL for NASA. $4.4B endowment (Jun 2024), ~$5B including trust assets. Highest endowment-per-student ratio globally. 52% alternatives (PE/VC, real estate, nat resources, absolute return). New CIO: Ken Lee (Feb 2025, from Children's Health Dallas); prior CIO Scott Richland grew endowment from $1.6B→$