Yale Taps Matthew Mendelsohn to Succeed Endowment Chief David Swensen. Former chief Swensen died in May after having been diagnosed with cancer nine years earlier
Yale University named internal endowment veteran Matthew Mendelsohn as the next head of its more than $31 billion endowment, capping a search for the successor to famed endowment manager David Swensen.
The 36-year-old Mr. Mendelsohn was a protégé of Mr. Swensen’s who joined the Yale Investments Office in 2007 and went on to run its venture capital investments. Yale's venture footprint makes up more than a quarter of its endowment’s portfolio and has been an important contributor to the endowment’s returns in recent years.
Former Yale provost and search committee chair Ben Polak said in a statement Tuesday, “The committee left no stone unturned in the search. In the end, the right answer was immediately before us. Matt Mendelsohn has the respect of his colleagues, of managers, and of his peer CIOs—and an extraordinary record of investing, building and leading teams, and representing what is best about Yale.”
Several in the endowment investing world said Mr. Mendelsohn’s selection would provide continuity at Yale’s endowment. They also said it served as an acknowledgment of the continuing importance of venture and growth investments to Yale's portfolio. (WSJ)
대이비드 스웬슨에게서 많은 것을 배웠습니다. 후계자는 누가 될 것인가 궁금했는데, 내부 승계로 결정났네요. 36세면 젊은 나이이지만, 조직에 14년간 몸 담아왔고, 기금 투자자산의 1/4 이상을 담당해왔으며, 성과도 우수했다니 기대됩니다.