Columbia tied a program record for the second time this season with 16 made 3-pointers and converted at season-best 57.1 percent (16-of-28) clip from downtown.
The Lions and Big Red will both be in search of their first Ivy League victory Saturday night at Levien. Game time is set for 7 p.m. on SNY and the Ivy League Network.
Mike Smith scored 23 of his 27 points after halftime as the Lions trimmed a 12-point deficit to two with 49 seconds left. However, Penn converted on 10-of-10 from the line to earn the win.
Princeton scored the first eight points of the game and led wire-to-wire. Mike Smith posted 14 points while Quinton Adlesh added 13.
The Lions will face the defending Ivy League Champs Friday night and the current first-place team on back-to-back nights. Both games can be seen on the Ivy League Network.
Former Columbia basketball standouts Ellen Bossert '86CC and Alton Byrd '79CC were selected as part of the 16-member class of Legends of Ivy League Basketball.
The Lions went on a program-record 44-1 run over a span of 16:35 to come away with an 87-42 victory Saturday afternoon. Kyle Castlin and Peter Barba posted 16 points apiece.
Fans can now purchase single-session tickets for the 2018 Ivy League Men's and Women's Basketball Tournaments, March 10-11 at The Palestra.
The Lions and Gryphons will meet for the first time Saturday in Levien Gymnasium. Game time is set for 2 p.m. on the Ivy League Network.