Investing for Future Generations

Makena Capital Management is a global, multi-asset class investment manager with $20 billion of assets under management. Our mission is to help our clients achieve their goals by providing superior investment performance.

 

Our Core Values

1. Partnership

Collaboration, transparency, and alignment are the foundation of our work

2. Team Culture

Our greatest asset, built on integrity, meritocracy, and intellectual rigor

3. Long-term Orientation

Crucial to access superior investments and to manage perpetual portfolios

Investment TeamClient Strategy & Operations Teams

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.

Asset Class Expertise

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.

Asset Class Expertise

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.

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Client & Partnership Models

Our Clients

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

Our Partnership Models

Outsourced CIO

A dedicated team to fulfill all investment needs

Private Asset Partner

Building your long-term portfolio

Complementary Allocation

Your relationships and our investment expertise

Latest Insights

February 4, 2020 in Uncategorized

Makena Capital ESG Report 2019

We believe the formal incorporation of ESG considerations into our investment activities sharpens our ability to identify potential risks and opportunities leading to attractive long-term risk-adjusted returns. As such, we feel it is imperative to partner with best-in-class managers whose objectives and culture are aligned with our own.
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July 31, 2019 in Uncategorized

The Little Engines Who Can: Why Small-Cap Buyout Can Drive Investor Returns

In our continual search to find the most attractive investments on behalf of our investors, we have naturally developed biases through our experience at Makena and through our experience as investors in prior roles. In the buyout asset class, we believe small-cap funds provide the strongest opportunity to generate alpha. Due to several factors, which we discuss in the letter, Makena is ideally positioned to source and partner with top investment talent in small-cap buyout.
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July 15, 2019 in Uncategorized

Emerging Manager Alpha

The investment community is acutely aware of which managers consistently perform in the top quartile, and achieving an allocation to their oversubscribed funds is difficult. Instead of asking “how do we access these top-quartile managers?” Makena chooses to ask the question “how do we find tomorrow’s top-quartile managers?” A discussion about why Makena targets these “emerging managers” and the success signals we have developed to identify them.
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