Makena Capital Management

About Makena Capital Management

Makena Capital Management, LLC is a wealth manager formed in 2005 by senior executives from the Stanford Management Company together with leading practitioners from elite North American endowments and foundations. It is based in Menlo Park, California, in the heart of Silicon Valley, and its team of nearly 75 people is solely focused on superior risk-adjusted returns and world class service. Its clients are multigenerational pools of capital, including endowments, foundations, family offices, pensions, and sovereign wealth funds, and it offers them investment expertise, scale, and premier investment access. Alternative and private asset investing is central to its process. The firm believes these assets help preserve and grow capital over a long time horizon by diversifying risk and return streams. Access is provided through discretionary, commingled vehicles: a multi-asset class endowment portfolio and single-asset class portfolios that give targeted exposure meant to complement a broad portfolio. The firm's portfolio was valued at $23.37 billion on March 28, 2024, invested in private equity, real estate, hedge funds, real assets, natural resources, fixed-income securities, and other alternative asset classes. Private equity was valued at $3.78 billion on March 28, 2024, or 16.2% of the total portfolio, down from $5.76 billion on June 13, 2023. Private equity investments include buyouts and venture capital strategies. The firm is open to any first-time fund investments.

Real estate mandate

Contacts at Makena Capital Management

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