Endowment Investing with a Private Markets Edge
Institutional Quality.
Unique Access.
Makena is a partner-owned investment firm built on the discipline of endowment investing with the agility of a direct investor. With deep roots in Silicon Valley, we deliver unique private market opportunities.
Who We Are
More Than Investors.
Partners.
Founded by leaders from Stanford Management Company, Makena manages more than $22 billion on behalf of some of the world’s most sophisticated investors, including endowments and foundations, family offices, and institutional partners.
We are a boutique investment firm, seeking to deliver superior long-term, risk-adjusted returns through entrepreneurial thinking and innovative investing.
Modern, driven, and client focused, we believe investing should be as people centered as it is data-driven.
- 2005
- Founded by leaders from Stanford Management Company
- $22B AUM
- for a client base spanning six continents
- 50+
- Endowment and foundation clients
How We Invest
Aligned Capital.
Shared Opportunity.
Our endowment model has long emphasized alternatives, and we continue to expand our private markets platform. We source differentiated opportunities through networks built over more than two decades.
Makena offers standalone buyout and venture capital funds. These strategies are also integrated within our multi-asset class endowment portfolio.
We invest alongside our clients. This ensures full alignment, not just in returns, but in values.
News & Insights
Latest News & Insights
Twenty Years of Makena: Investing in Ideas, Building with Partners
This year, Makena celebrates 20 years of investing alongside our partners. Two decades is a meaningful milestone in any context, but in investment management it represents something particular: the experience of navigating full market cycles, building relationships through periods of uncertainty, and refining a philosophy that has been tested by time.
In this tribute video, we reflect on the journey that has brought us to this milestone, the clients who trusted us, the managers who partnered with us, and the team members who gave their best to building something they believed in. We are proud of what we have built together, and deeply grateful to everyone who has been part of it.
Makena Q1 2026 Market Perspective
We are pleased to share our first quarter Makena Market Perspective. In this letter, we reflect on the accelerating pace of change across markets, the expanding dispersion between winners and losers, and the continued case for an investment approach grounded in the Endowment Model.
Twenty Years of Makena: Investing in Ideas, Building with Partners
This year, Makena celebrates 20 years of investing alongside our partners. Two decades is a meaningful milestone in any context, but in investment management it represents something particular: the experience of navigating full market cycles, building relationships through periods of uncertainty, and refining a philosophy that has been tested by time.
In this tribute video, we reflect on the journey that has brought us to this milestone, the clients who trusted us, the managers who partnered with us, and the team members who gave their best to building something they believed in. We are proud of what we have built together, and deeply grateful to everyone who has been part of it.
Navigating the Software and AI Landscape: A Conversation with Jordan Bettman of Radian Capital
At this year's annual investor conference, we had the pleasure of welcoming Jordan Bettman, Co-Founder and Managing Partner of Radian Capital, for a conversation on growth equity investing and what the rise of AI really means for software businesses.