Makena Capital Management Adds Former Oaktree, Carnegie Endowment Execs to Roster

Sep 17 2015 | 1:22pm ET

Multi-asset class investment manager Makena Capital Management has added former Oaktree Capital Management principal Kevin Clayton and former Carnegie Endowment for International Peace president William Burns to its roster.

Clayton joins Makena as vice chairman of the company and the Board of Directors, while Burns comes aboard as a member of the Board of Directors and a Special Advisor.

Clayton, who most recently served as interim president of Lehigh University, was an early partner at Oaktree. He joins the Makena partnership in a full time capacity, and will establish a new office for Makena in the New York area. He will leverage his expertise in building and managing relationships with existing clients and cultivating new client relationships, as well as help guide the overall strategic development of the firm, noted Makena.

Burns enjoyed a distinguished 33-year career as a senior diplomat, serving as Deputy Secretary of State under John Kerry and Hillary Clinton, U.S. Ambassador to Jordan under President Bill Clinton, and U.S. Ambassador to Russia under President George W. Bush. He brings extensive geopolitical knowledge to the deliberations of Makena’s board, as the firm applies intellectual capital to the management of the firm’s investment portfolio.

“While we are very proud of the progress we have made serving our clients over our firm’s first decade, we have a culture of continuously seeking to enhance our investment and service capabilities,” said David Burke, CEO of Makena, in a statement. “It is in this spirit that we welcome Kevin and Bill to our team with the strong conviction that their experiences will inform and add value to the continued development and maturation of Makena as a firm and an investment platform.”

Founded in 2005 by the senior management of leading North American endowments and foundations, Makena manages long-term investment portfolios guided by the core tenets of the endowment model, designed to balance near-term payout needs with the preservation and growth of multi-generational wealth. 

The firm’s investment strategies combine traditional liquid securities with allocations to alternative assets, including private equity, venture capital, real estate, natural resources, and long/short and absolute return strategies. The company has approximately $20 billion in assets under management for endowments and foundations, family offices, pension funds, insurance companies, and international financial institutions with perpetual capital.


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