Duke University Management Company

Overview

DUMAC manages Duke University’s endowment and other investment assets, including related institutional pools.¹

Duke’s endowment comprises thousands of funds that support university priorities in perpetuity.¹

Estimated AUM: $12.3B as of Jun 30, 2025²
Capital pool: university endowment and affiliated investment pools¹
Investment model: DUMAC manages the Long Term Pool and invests principally through investment advisory firms and partnerships.¹
Investment approach: DUMAC seeks an annualized real return of at least 5.0% net of fees over the long term.¹
Spending support: Not listed yet
Spending policy: Not listed yet
Asset allocation: Public evidence references these asset classes or allocation areas: venture capital, real estate, infrastructure, public markets, fixed income.³
Performance: Not listed yet
Governance: Not listed yet¹
Investment team: Not listed yet¹
Unfunded commitments: Not listed yet
Source freshness: Last verified Jul 3, 2026 · Verified

Last verified Jul 3, 2026 from public career and organization materials.

Website (dumac.duke.edu)Parent organization overview, Pool purpose, Institution type, Capital pool, Headquarters, Investment model, Investment approach, Governance, Investment team, Investment office page · checked Jul 3, 2026
Fact sheet (giving.duke.edu)Estimated AUM · checked Jul 3, 2026
Website (giving.duke.edu)Asset allocation · checked Jul 4, 2026