Makena Capital Management is a leading investment firm whose objective is the preservation and appreciation of long-term capital
Makena is an independently-owned, multigenerational firm with a single line of business and no subsidiaries. Broad equity ownership spans multiple generations of our employees, ensuring Makena is constructed for the long term, consistent with the capital which we manage. Broad equity ownership also assists in Makena’s ability to attract and retain talent. Partners, employees and members of Makena’s Board of Directors have significant personal investment in our vehicles directly alongside our clients’ capital. The commingled structure of our vehicles aligns interests with and across our clients while eliminating allocation conflicts; each client owns a pro rata portion of each investment we make. This structure also enables our investment team to focus on investing a single pool of capital.
Board of Directors
Ambassador Burns earned a bachelor’s degree in History from LaSalle University, and master’s and doctoral degrees in international relations from Oxford University, as a Marshall Scholar. He is a recipient of four honorary doctoral degrees and is a member of the American Academy of Arts and Sciences.
He is a member of the World Economic Forum Committee on the Future of Long-Term Investing and a Director and member of the Finance & Investment Committee of Arch Capital Group, Ltd. (NASDAQ: ACGL), a Bermuda-based company that provides specialty insurance and reinsurance on a worldwide basis through its wholly owned subsidiaries.
He received his undergraduate degree with Honors from The University of Chicago, studied international economics at Georgetown University on a fellowship from the Fund for American Studies, and received a law degree from NYU School of Law, where he was Articles Editor of the NYU Annual Survey of American Law. He also holds the Chartered Financial Analyst designation from the CFA Institute.
Dr. Jaensubhakij holds a B.A. in Economics from Cambridge University as well as a master’s and a Ph.D. in Economics from Stanford University.
Dr. Rice earned her Ph.D. from the Graduate School of International Studies at the University of Denver in 1981 and her master’s degree from the University of Notre Dame in 1975. She earned her bachelor’s degree in political science, cum laude and Phi Beta Kappa, from the University of Denver in 1974.
Mr. Ng graduated in Physics from the University of Singapore (1970) and in Management as a Sloan Fellow from Stanford University (1980).
Jackson earned an M.B.A. from the Stanford Graduate School of Business, where he was an Arjay Miller Scholar and the winner of the Alexander A. Robichek Award for Outstanding Achievement in Finance. Prior to his M.B.A., Jackson was an associate at Makena supporting asset allocation, following his role as an analyst supporting the CIO and liquid asset class teams. Jackson holds a B.S. degree in Mathematical and Computational Science from Stanford University. Jackson is a CFA Charterholder.
Mike was named to the board of directors of NVIDIA Corp. in March 2015 and is a director of C3, a private technology firm. He also serves as a trustee of the Rhodes Scholarship Trust. Mike is a member of the advisory boards of several fund managers and the Stanford Institute for Economic Policy Research (SIEPR). Mike graduated with a B.A. from Princeton University, and as a Rhodes Scholar attended Merton College at Oxford University, where he earned a B.A. Honors and an M.A. Mike has an M.B.A. from the Stanford Graduate School of Business.
Prior to the formation of Makena, Luke worked as a Senior Investment Manager at the Stanford Management Company, where he was responsible for portfolio management and risk analysis as well as private equity and real assets investing for the Stanford Endowment. Prior to joining Stanford Management Company, Luke worked for the Thomas Weisel Partners Investment Banking Group, where he was involved in a variety of corporate finance and M&A transactions. Luke holds a B.S. in Economics, magna cum laude, from Vanderbilt University, and an M.B.A. with a major in Finance, with honors, from the Wharton School.
Breanna rejoined Makena after earning her M.B.A. at the Stanford Graduate School of Business. Prior to her M.B.A., Breanna was an associate on Makena’s Listed Equity team, while supporting the CIO, various asset class teams, and the team overseeing asset allocation. Breanna received a B.A. in Economics with a minor in Finance from Vanderbilt University, where she graduated Phi Beta Kappa, with Honors, in the College of Arts & Sciences.
Client Strategy and Operations Teams:
Joseph has over 20 years of investment experience. Prior to joining Makena in 2009, he worked at Morgan Stanley as a Vice President, advising institutions on their hedge fund portfolios as well as advising hedge funds on capital raising and strategic business matters. Previously, Joseph worked at Credit Suisse First Boston in Private Wealth Management advising high net worth families and foundations on alternative investments. He began his career at a Salomon Smith Barney affiliate in Buenos Aires, Argentina covering local pension funds and Latin America focused investment funds for four years. Joseph received a B.A. in Economics from the University of Virginia and an M.B.A. from the Stanford University Graduate School of Business.
Bill serves on the board of Western Technology Investment, a registered venture debt investment firm. He holds a B.S. in Industrial & Systems Engineering from the Georgia Institute of Technology.