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.
Investing for the Next Generation
Makena Capital Management is a multi-asset class investment manager with $20 billion of capital under management.
LEARN MORELatest Insights
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.”
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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.”
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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.
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