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Endowment

University of Utah (Investment Management Office / Endowment)

university endowment1 — Salt Lake City.

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Overview

Here, you will have the opportunity to make a meaningful difference in the work you do as you shape lives, drive innovation, and contribute to a mission that reaches far beyond campus.1

University of Utah (Investment Management Office / Endowment)'s endowment capital supports long-term institutional spending and mission continuity.1

Investment program

Estimated AUM
$2.1B as of Jun 30, 20252
Capital pool
university endowment1
Investment model
Building out the portfolio to achieve these aims will take several years and proceed at a deliberate pace with careful consideration to manager selection and portfolio construction.2
Investment approach
INVESTMENT MANAGEMENT SERVICES ENDOWMENT GIFTS Endowments are critically important for universities because they offer financial stability and ensure long-term funding to support and maintain institutional priorities and programs.1
Spending support
Not listed yet
Spending policy
Not listed yet
Asset allocation
Public evidence references these asset classes or allocation areas: private equity, venture capital, private credit, hedge funds, public markets, fixed income.2
Performance
Not listed yet
Governance
Investment governance is vested through UPMIFA, the Utah State Board of Regents, the University Board of Trustees, and the Investment Advisory Committee, with implementation by the Investment Management Office.3
Investment team
The Investment Management Office includes Mark Waite, Director of Endowment Investments, and Mel Smith, Director of Banking and Operational Investments; it manages the university endowment and cash-management portfolios.4
Unfunded commitments
Not listed yet
Source freshness
Last verified Jul 21, 2026 · Needs review

Sources

Last verified Jul 21, 2026 from public career and organization materials.

Fact notes

  1. Website (invest.utah.edu)Parent organization overview, Pool purpose, Capital pool, Investment approach, Investment office page · checked Jul 25, 2026
  2. Website (giving.utah.edu)Estimated AUM, Investment model, Asset allocation · checked Jul 25, 2026
  3. Website (invest.utah.edu)Governance · checked Aug 6, 2026
  4. Website (invest.utah.edu)Investment team · checked Aug 6, 2026

Profile and job sources