Investing for the Next Generation

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

December 31, 2022 in Research

Makena 2022 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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June 20, 2022 in Research

2021 Annual Letter

This letter reflects on this new regime and addresses how we are responding to these heightened risks and “changed facts,” while still adhering to our core principle of being a long-term investor. The bottom line: we still have no edge in predicting these macro and geopolitical events, but we’re concerned that the dispersion of market outcomes has increased and that the compensation for risk is lower than it was a couple of years ago. Therefore, we have dialed back our risk levels and are being more cautious about rebalancing, unlike our approach to managing the portfolio in the spring of 2020. We still like the balance in our portfolio, which will help us navigate both inflationary and low-growth disinflationary environments.
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May 16, 2022 in In The News

Larry Kochard on Capital Allocators Podcast

Makena Capital Management’s Larry Kochard joined Ted Seides and the Capital Allocators podcast for an engaging conversation on his path from endowment professor to Chief Investment Officer. Larry also offered insight on Makena Capital Management’s long-term investment approach and how investing in alternative assets – along with sourcing, due diligence, and manager selection – is a core competitive advantage of the firm. Listen to the full podcast here.
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Who We Serve

WHO WE SERVE

Family Offices

Your investment partner for the next generation

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Endowments & Foundations

Capital preservation and growth after a payout

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Outsourced CIO

A dedicated team to fill all investment needs

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Institutions

An extension of your capabilities

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Private Asset Outsourced CIO

Building your long-term portfolio

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Registered Investment Advisors

Your relationships and our investment expertise

Why Makena

Private and alternative asset experts with endowment roots

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Explore Our Offerings

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