University of Chicago manages an endowment fund based in Chicago, Illinois. The endowment investment earnings support scholarships, financial aid, staff support, operating budget, basic research as well as academics. The assets of the endowment fund are managed by the executive management team.University of Chicago Endowment's investment portfolio is valued at $7.16 billion with investments in domestic and international equities, fixed income, real estate, hedge fund, private equity and cash.