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By integrating ESG factors into our investment activities, we believe we can materially enhance financial and operating outcomes. Makena’s 2020 ESG Report examines our philosophy and process around ESG integration, and reviews the evolution of our approach over time.

Market drawdowns throw portfolios out of balance and force investors to make difficult decisions around rebalancing. With COVID-19 as a backdrop, Makena’s latest insight examines the equity risk premium (“ERP”) through historical downturns as a guide for investors rebalancing into risk assets.

Congratulations to Lara Banks, Managing Director and Co-Head of Private Equity at Makena Capital for being named as a Woman to Watch in The Wall Street Journal Pro’s Private Equity Analyst November issue. The publication highlights Lara’s role sourcing and executing Makena’s investments in and alongside high-quality private equity and venture capital managers and her leadership of the firm’s ESG commitments.

Makena’s Mid-Year Investor Letter provides a recap of the first six months of 2020, including market context and how Makena relied on its core investment beliefs to navigate the volatility. The letter also compares and contrasts “quality” and “value” as investors try to discern the true worth of a company beyond its tangible assets.

In Privcap Media’s recent podcast episode, Women in Private Capital: Mentorship and Career Support Matters, Lara Banks, a Managing Director at Makena Capital, talks about building a career in an industry that has a small but growing population of women in leadership positions.

In the latest episode of The Privcap podcast, Makena’s own Luke Proskine and Lara Banks discussed how the endowment model and several of the firm’s long-term themes – from emerging managers, to early-stage venture capital, small-cap buyout and active management – are well positioned to capitalize on inefficiencies in today’s markets.

In Makena’s latest insight on Emerging Markets, we dive into our differentiated strategy for EM equity investing, which utilizes a targeted, bottom-up approach to bypass the suboptimal exposure of the passive emerging markets options.

In our 2019 Annual Letter, we discuss the most recent calendar year and 2020 to date, including how we have reacted to take advantage of investment opportunities.

The coronavirus pandemic is expanding at a seemingly increasing velocity. We continue to monitor the situation and its implications closely. This is an update to our post from last week. We will continue with regular updates as the situation develops.

The coronavirus is a serious global event which we continue to monitor closely. Its impact on global markets is fluid, but we remain confident in our portfolio and its long-term orientation. Protecting our greatest asset – our people – is a top priority.