Larry Kochard is Co-Chief Investment Officer at Makena Capital Management and a member of Makena’s Executive Committee. Larry was previously the Chief Investment Officer at Makena for six years. Prior to that, he was Chief Executive Officer and Chief Investment Officer of the University of Virginia Investment Management Company (UVIMCO) for seven years. Prior to joining UVIMCO, Larry served as CIO at Georgetown University for nearly seven years. From 2001 to 2004, he was Managing Director of Equity and Hedge Fund Investments for the Virginia Retirement System. From 1997 to 2004, he taught in the McIntire School of Commerce at the University of Virginia as an adjunct and later as a full-time assistant professor. He spent the early part of his career in debt capital markets at Goldman Sachs and corporate finance at Fannie Mae and DuPont. Larry received his B.A. in Economics from the College of William & Mary, an M.B.A. degree in Finance and Accounting from the University of Rochester, and an M.A. and Ph.D. in Economics from the University of Virginia. He is a CFA Charterholder.
He serves as Chair of the Investment Advisory Committee of the Virginia Retirement System, member of the Advisory Board of UK-based firm Eighteen48, and Foundation Director and member of the Investment Committee of Virginia Museum of Fine Arts. Larry has also served on the boards of the Virginia Environmental Endowment (VEE), VCU Investment Management Co., The College of William and Mary Foundation (W&M), and the public company board of Janus Henderson Group, where he chaired their compensation committee. He chaired the investment committees at VEE and W&M. Larry was the 2015 winner of the Rodney H. Adams Award for Endowment Management from the National Association of College and University Business Officers (NACUBO), which recognizes outstanding contributions to university endowment and investment management. Larry is a longtime moderator of the premier endowment and foundation industry conference, NMS, and is the author of several industry publications, including Foundation and Endowment Investing: Philosophies and Strategies of Top Investors and Institutions. Larry has been interviewed by Ted Seides on two Capital Allocators podcasts and once by Chas Burkhart on his Global Investment Leaders podcast.