The opportunity

A world class endowment-like investment program combining a tactical, opportunistic approach to asset allocation with access to top tier alternative managers in a single, evergreen pool. Targeting equity-like returns with significantly less risk.

About the manager

Makena Capital Management, LLC was founded in 20051. The core of the Makena team dates back to 2000 at the Stanford University Endowment, with a track record that consistently ranked performance among the top 4 endowment teams in the US. The team of 16 partners and 24 investment professionals represent exceptional experience across all asset classes. The average partner’s experience is 20+ years, complemented by a Fiduciary Investment Board of outstanding calibre.

About the strategy

A diverse portfolio across all asset classes, geographies, sectors and strategies with active asset allocation and a tactical opportunistic approach. Access to top alternative asset managers in venture capital, private equity, real estate, natural resources, hedge funds and other more specialised investment strategies. The portfolio holds 130+ best of breed investment managers with global reach; across six major asset classes and 11 sub asset class investment strategies. Also leverages co-investment opportunities with its highest conviction managers.

1. Makena Capital Management is exempt from the requirement to hold an Australian Financial Services License under the Corporations Act 2001 (Cth) in respect of the financial services it provides to Wholesale Clients, and is not licensed to provide financial services to retail clients, in Australia. Makena Capital Management is regulated by the Securities and Exchange Commission of the United States of America (US) under US laws, which differ from Australian laws. Return to the reference