Investing for the Next Generation

Makena Capital Management is a multi-asset class investment manager with $20 billion of capital under management.
LEARN MORE

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.

Offerings

Our discretionary investment offerings provide exposure to vintage-year diversified assets through a unique evergreen structure.

Responsible Investing

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

Manager Selection & Due Diligence

Manager Selection & Due Diligence are our core competencies; benefit from our expertise.

Latest Insights

October 14, 2021 in In The News

Larry Kochard speaks with Barron’s on Endowment Returns

Makena’s Larry Kochard spoke with Barron’s about the factors contributing to this fiscal year’s high returns for university endowments. He shared, “The endowment model has taken a lot of pushback in the past decade, but this reinforces that you are going to see bigger returns if you are long-term-oriented.”
Read More
October 7, 2021 in In The News

Luke Proskine Speaks with Fundfire on Endowment Returns

In a conversation with @Fundfire, Makena’s @Luke Proskine offered insight on the key drivers of high returns for the OCIO and endowment industries over the last fiscal year, noting that “the endowments and foundations that do not see themselves getting the windfall of returns of their peers might re-think their investment programs.”
Read More
October 5, 2021 in Research

Navigating the OCIO Spectrum

The last decade has seen tremendous growth in Outsourced CIO (“OCIO”) assets, from just $100 billion globally in 2007 to over $2 trillion today. However, the term “OCIO” is broad, at best. We have identified four key areas of differentiation among the OCIO industry. Within each area, there is a wide spectrum of offerings. This Makena Insight acts as a guide to navigating each area of differentiation. Understanding the breadth of offerings and how to assess them will help focus an institution’s OCIO search.
Read More
View All Insights

Who We Serve

WHO WE SERVE

Family Offices

Your investment partner for the next generation

WHO WE SERVE

Endowments & Foundations

Capital preservation and growth after a payout

WHO WE SERVE

Outsourced CIO

A dedicated team to fill all investment needs

WHO WE SERVE

Institutions

An extension of your capabilities

WHO WE SERVE

Private Asset Outsourced CIO

Building your long-term portfolio

WHO WE SERVE

Registered Investment Advisors

Your relationships and our investment expertise

Why Makena

Private and alternative asset experts with endowment roots

LEARN MORE

Explore Our Offerings

LEARN MORE