A successor to Andy Goldan has been chosen.

The Princeton University Investment Company, which manages the institution’s $34.1 billion endowment, announced Monday that Vincent Tuohey will become its new president and leader when Golden retires at the end of the academic year in 2024.

Tuohey is currently an investment director at the Massachusetts Institute of Technology’s Investment Management Company, where he manages a multi-billion-dollar portfolio of funds and direct investments across multiple asset classes, including private equity, venture capital, public equity, hedge fund, commodities and real estate.

“Vince Tuohey combines outstanding investment acumen and experience with proven leadership ability,” President Christopher Eisgruber said. “He also has a deep appreciation for Princeton’s mission and the special achievements of Andy Golden and the superb team at PRINCO. I am confident that Vince will be an excellent president for PRINCO as well as a valued colleague for all of us in the University administration.”

The head of PRINCO reports both to the university president and to the chair of the 12-member PRINCO board of directors.