March 29, 2018
Session I focuses on endowments and foundations which historically have had a significant bias towards alternatives, and active management generally. Many E&Fs have been adopters of the Yale Model and early allocators to illiquid asset classes like private equity and hedge funds. But does E&Fs’ increased interest in sustainable investing suggest favoring passive and multi-factor vehicles? Does Harvard’s move to external management rather than using an internal investment staff suggest further changes in the Yale model?
Joanna Rupp, CFA Assistant Vice President, Managing Director Private Equity University of Chicago
Joanna is the managing director of the $1.1 billion private equity portfolio for the University's endowment. She develops the investment strategy for the Venture Capital, Growth Capital and Corporate Buyout allocation, including investments in Developed and Emerging markets. Together with her team, she oversees manager screening and selection. Joanna joined the University 2001 as the manager of public equities. In 2004, she was appointed as the Chief Operating Officer and oversaw the department through significant growth and change. In addition, she has served as the Managing Director, Pensions since 2009 and was responsible for the comprehensive revisions to the defined benefit plan’s investment policy, manager selection and allocations.
From 1997 to 2000, she was a vice president with Security Capital Markets Group where she was responsible for structuring real estate transactions for institutional investors and providing investment banking services to affiliated companies. Earlier in her career, Joanna was with the municipal finance group at Goldman, Sachs in New York and Chicago. Prior to that, she was an asset/liability manager for U.S. Central Credit Union responsible for fixed income portfolio management, fixed income derivatives strategy and new product development.
Joanna holds an MBA, cum laude, in finance from the University of Chicago Booth School of Business and a BS in business administration from the University of Kansas. She is a CFA Charterholder, Kauffman Fellow, Class 21, and a member of the Board of Trustees at The University of Kansas.