Makena Capital Management

EST. AUM
$23,923,658,010

CONTACTS
19

CLIENT ACCOUNTS
35

Firm Details

Metro area San Francisco
CRD Number 156855
Website makenacap.com
Client types

Overview

Makena Capital, founded in 2005 by former Stanford Management Company executives and other industry leaders, specializes in providing investment management services similar to those of large endowments. Initially focused on a commingled multi-asset class portfolio, the firm has since expanded to offer customized investment options through asset class sleeve funds, maintaining a unified manager mix. With over $20 billion in assets under management as of December 2023, Makena Capital serves a diverse client base including endowments, foundations, family offices, sovereign wealth funds, and international institutions. Their flagship endowment pool, which constitutes 70% of total assets, allocates primarily to external managers across separate accounts and limited partnerships, emphasizing private alternatives and equities. The firm's approach combines an endowment-style investment philosophy with a preference for concentrated manager relationships and a significant allocation to emerging markets within their equity portfolio.

Platform Details

Investment Preferences

Alternative Activity