Investing for Future Generations

Our Mission is to achieve the multi-generational goals and aspirations of our clients through the stewardship of our firm, our clients' capital, and our relationships.


Our Core Values

1. Thoughtful Stewardship

We commit to the highest professional standards as fiduciaries of our clients’ capital and our firm. We strive to achieve common goals through aligned interests and strong partnerships.

2. Commitment to Excellence

We are focused on excellence in all aspects of our business, inclusive of investment performance, client relationships, and operational excellence. We continuously reflect, improve our approach, and mitigate risk to be the best stewards and fulfill our mission to our clients and colleagues.

3. Collaborative Teamwork

We take a constructive, team-oriented approach to bring to bear our expertise, creativity, and network to reach solutions with rigor, empathy, and efficiency.

4. People Leadership

People are the core of what we do and who we are. We invest time, effort, and resources into developing our colleagues at all levels of our firm. In our effort to develop the next generation of leaders and investors, we empower a diverse group of colleagues across teams and tenures, and cultivate caring, exceptional professionals who create inclusive and respectful environments for all colleagues.

5. Entrepreneurship

We welcome innovation and forward-thinking, and create an environment where strategic risks and new ideas are celebrated. We understand that our world is constantly evolving and requires agility in our approach. We are curious to grow and deepen our business and embrace problems with ingenuity, strategic thought, and action.

Makena Team

How We Invest

Investment Philosophy

Rooted in the endowment style of investing, we seek balanced diversification in order to protect and grow multigenerational capital over the long term.

Portfolio Solutions

Makena specializes in constructing alternative asset class portfolios of high-quality investment opportunities.

Manager Selection & Due Diligence

Manager selection and due diligence are our core competencies; benefit from our expertise.

Responsible Investing

Every investment we make is subject to our Responsible Investing Framework.

Portfolio Solutions

Our alternative investing experience spans decades. Invest in our asset class portfolios on a stand-alone basis or as a holistic, endowment-style portfolio. Or, let us build you a custom portfolio as part of our Outsourced CIO service.



Who We Serve

Endowments & Foundations

Capital preservation and growth after a payout

Family Offices

Your investment partner for the next generation

Pensions & Sovereign Wealth Funds

An extension of your capabilities

June 25, 2024 in Research

Makena 2024 Sustainability Report

Makena’s sustainability efforts in 2023 were centered around carbon tracking and advancing diversity of thought in our investments. Our approach is guided by our core investment principles and consistent with our fiduciary responsibility to preserve and grow our clients’ capital over the long term.
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June 1, 2023 in Research

Makena 2023 Sustainability Report

Makena believes that identifying and advancing material factors related to environmental stewardship, social impact, and corporate governance can improve shareholder returns. Our sustainable investment framework starts with and is rooted in our fiduciary responsibility to deliver the highest risk-adjusted, long-term returns for our investors.
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May 10, 2023 in Research

Makena 2022 YE Marketables Letter

This letter addresses how we’ve responded to one of the most challenging investment environments of the last couple decades. We reflect and provide detail on our portfolio changes and dive into our Hedge Fund portfolio, which we are particularly excited given the current environment. We appreciate the relative recency and duration of this challenging period and are mindful of the temptation to overreact. While we will continue to adjust the portfolio as necessary, we remain excited about our manager roster and underlying portfolio as it stands today.
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