Trevor Graham Named Co-Chief Investment Officer of TIFF Investment Management

Trevor Graham will serve alongside Jay Willoughby as Co-CIO, with the two working closely together to guide portfolio construction, manager selection, and the firm’s overarching investment strategy and asset allocation. Brad Calder, who has worked in close partnership with Graham, has been named the new Head of Equities.

Radnor, PA — March 31, 2026TIFF Investment Management, an independent, employee-owned investment firm specializing in OCIO services and alternative investment strategies, announced today that Trevor Graham has been named Co-Chief Investment Officer alongside Jay Willoughby.

Graham, who joined TIFF in 2012, has worked closely with Willoughby for more than a decade and has served as Head of Equities and Deputy CIO, playing an increasingly central role in portfolio construction, implementation, and overall investment leadership. He also has been a member of the Investment Committee for 14 years, contributing valuable insight and supporting the continuity of TIFF’s investment program.

“Trevor is one of the brightest investment minds we have at TIFF and has played a central role in shaping the investment process and philosophy underpinning our client portfolios,” said TIFF CEO Kane Brenan. “His deep experience across asset classes, including public equities, hedge funds, and private markets makes him uniquely qualified to excel as an investment leader in the OCIO world. Jay and Trevor have worked very closely for the last decade, and it is great to see this partnership continuing.”

Graham and Willoughby will serve as Co-CIOs as part of a thoughtful, ongoing leadership transition, with Willoughby expected to gradually shift from day-to-day responsibilities and continue supporting TIFF in an advisory capacity.

I’ve worked closely with Jay for many years and have been part of building the investment approach we have today,” Graham said. “As Co-CIO, I’m focused on strengthening that approach while working to deliver consistent results for our clients. We have a phenomenal team, and we believe in the structural advantages in manager access, which I am thrilled to continue leveraging.”

In addition to Graham’s appointment as Co-CIO, Brad Calder has been named Head of Equities and will join the Investment Committee. Having worked closely with Graham on the equities program for over a decade, Calder’s appointment ensures continuity in a core area of TIFF’s investment platform.

Trevor has been deeply involved in our investment process and a trusted partner for many years,” said Jay Willoughby. “He has the experience and perspective that defines our approach, and I look forward to continuing to work with him in this role.”

About TIFF Investment Management

TIFF Investment Management is an independent, employee-owned investment firm specializing in OCIO services and alternative investment strategies, including private equity, venture capital, and hedge funds. Founded in 1991, with approximately $10Bi in assets under management, TIFF draws on decades of experience to serve nonprofits, family offices, RIAs, and other sophisticated investors. As a certified B CorporationTM, TIFF embeds accountability, transparency, and sustainability into its operations and investment process. TIFF combines nonprofit expertise with institutional-quality access, partnering with long-term investors to deliver sustainable growth and enduring results that can advance their objectives over time. Learn more at www.tiff.org.

Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance. There is no guarantee that any particular asset allocation or mix of strategies will meet your investment objectives.

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute investment, legal or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.

These materials may contain forward-looking statements relating to future events. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms or other comparable terminology. Although TIFF believes the expectations reflected in the forward-looking statements are reasonable, future results cannot be guaranteed.

Footnotes

i TIFF assets under management (AUM) is as of 9/30/25 and includes discretionary and non-discretionary client assets for which TIFF affiliates provide investment management or advisory services. The private markets portion of TIFF AUM is calculated based upon fund net asset value plus unfunded commitments. Calculation of TIFF AUM differs from the calculation of regulatory assets under management in TIFF’s Form ADV filings with the SEC and may differ from the AUM calculation methodologies used by other investment managers.

B Lab is the independent third party that certifies companies as B Corporations when they meet rigorous standards of social and environmental performance, accountability, and transparency. B Lab certified TIFF Advisory Services, LLC as a B Corporation on September 12, 2025. To remain certified, B Corporations must update and verify their information every three years.

Chun Lai, CIO of Rockefeller Foundation, Joins TIFF Investment Management TAS Advisory Board

Appointment reunites representation from both founding organizations — The Rockefeller Foundation and the MacArthur Foundation — as TIFF marks its 35th anniversary.

Radnor, PA — March 17, 2026 – TIFF Investment Management, an independent, employee-owned investment firm specializing in OCIO services and alternative investment strategies, is pleased to announce that Chun Lai, Chief Investment Officer of The Rockefeller Foundation, has joined the firm’s TAS Advisory Board.

Mr. Lai first joined The Rockefeller Foundation in 1996 and is currently responsible for overseeing the management of the foundation’s $7 billion endowment. His deep expertise in endowment management, asset allocation, and mission-driven investing will provide invaluable perspective to TIFF’s work on behalf of nonprofits and other long-term investors.

Mr. Lai joins a group of leading institutional investment minds on the TAS Advisory Board who together provide indispensable insight and guidance to TIFF— a key cornerstone of the firm’s differentiated investment advantage.

TIFF was originally founded in 1991 by the MacArthur and Rockefeller foundations with the goal of creating an organization where nonprofits could gain access to sophisticated investment strategies typically reserved for the largest institutions. With Mr. Lai’s appointment, TIFF is proud to have representation from both the MacArthur and Rockefeller foundations — its two founding organizations — on the TAS Advisory Board during its 35th anniversary year.

“We are honored to welcome Chun to TIFF’s TAS Advisory Board,” said Kane Brenan, CEO of TIFF Investment Management. “Chun is one of the most respected leaders in endowment investing, and his perspective will be incredibly valuable to our investment team and the clients we serve. His appointment is especially meaningful given the role the Rockefeller Foundation played in establishing TIFF 35 years ago.”

About TIFF Investment Management

TIFF Investment Management is an independent, employee-owned investment firm specializing in OCIO services and alternative investment strategies, including private equity, venture capital, and hedge funds. Founded in 1991, with approximately $10B1 in assets under management, TIFF draws on decades of experience to serve nonprofits, family offices, RIAs, and other sophisticated investors. As a certified B CorporationTM,2 TIFF embeds accountability, transparency, and sustainability into its operations and investment process. TIFF combines nonprofit expertise with institutional-quality access, partnering with long-term investors to deliver sustainable growth and enduring results that can advance their objectives over time. Learn more at www.tiff.org.

Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance. There is no guarantee that any particular asset allocation or mix of strategies will meet your investment objectives.

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute investment, legal or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.

These materials may contain forward-looking statements relating to future events. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms or other comparable terminology. Although TIFF believes the expectations reflected in the forward-looking statements are reasonable, future results cannot be guaranteed.

Footnotes

  1. TIFF assets under management (AUM) is as of 9/30/25 and includes discretionary and non-discretionary client assets for which TIFF affiliates provide investment management or advisory services. The private markets portion of TIFF AUM is calculated based upon fund net asset value plus unfunded commitments. Calculation of TIFF AUM differs from the calculation of regulatory assets under management in TIFF’s Form ADV filings with the SEC and may differ from the AUM calculation methodologies used by other investment managers.

  2. B Lab is the independent third party that certifies companies as B Corporations when they meet rigorous standards of social and environmental performance, accountability, and transparency. B Lab certified TIFF Advisory Services, LLC as a B Corporation on September 12, 2025. To remain certified, B Corporations must update and verify their information every three years.

Pensions & Investments: How AI Drove University Endowments Higher in FY25

Pensions & Investments recently interviewed TIFF Managing Director, Client CIO Group, Anne Duggan, for a piece discussing university endowment performance in FY25. Duggan shared her analysis that, as the spread between public and private markets has begun to narrow, endowments with private exposure have seen positive returns.

Read the full article here

Disclaimer: To access this article, a subscription is necessary. Please note that TIFF does not possess the rights to distribute this content.

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute an offer or advertisement of TIFF’s investment advisory services or investment, legal or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.

These materials may contain forward-looking statements relating to future events. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms or other comparable terminology. Although TIFF believes the expectations reflected in the forward-looking statements are reasonable, future results cannot be guaranteed.

Unpacking the Top-Performing Large University Endowments in FY25

Higher Ed Dive recently covered TIFF’s article, “FY25 Performance Drivers: Insights from the Biggest University Endowments.” Written by Anne Duggan, Managing Director, Client CIO Group, the article analyzes the factors that led large endowments to post double-digit returns in FY25 and suggests that private markets investments served as a major catalyst for the strong performance.

To learn more about the TIFF’s analysis, read the press article here.

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute an offer or advertisement of TIFF’s investment advisory services or investment, legal, or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.

These materials may contain forward-looking statements relating to future events. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms or other comparable terminology. Although TIFF believes the expectations reflected in the forward-looking statements are reasonable, future results cannot be guaranteed.

TIFF Investment Management Earns B Corp™ Certification

Independent investment firm focused on OCIO and private markets solutions for nonprofits joins global community focused on driving business as a source for good.

Radnor, Pa. – October 21, 2025 – TIFF Investment Management, an independent, employee-owned investment firm specializing in OCIO and private markets solutions for mission-driven organizations and sophisticated investors, proudly announces it is now a Certified B Corporation (B Corp). This designation is reserved for businesses that meet high standards of verified performance, accountability, and transparency on factors measured across items such as employee benefits and charitable giving.

With an enduring focus on helping institutions achieve impact, TIFF was founded in 1991 as a cooperative-style organization where nonprofit foundations lacking sufficient internal resources could access the innovative investment approaches utilized by large foundations, universities, and other endowments. This experience has given TIFF a keen understanding of how investment strategy can support an organization’s philanthropic goals​, enabling them to achieve long-term growth.

Today, TIFF partners with endowments, foundations, RIAs, family offices, and other institutional organizations seeking comprehensive OCIO services and access to specialized strategies in private equity, venture capital, and hedge funds. As an independent, employee-owned firm organized as a public benefit company, TIFF delivers partnership to clients with a strong commitment to service and investment performance. TIFF’s commitment to service is reflected through its team members’ active involvement in various charitable endeavors.

“We are honored to join the esteemed network of B Corps, leading a global movement for an inclusive, equitable, and regenerative economy,” said Kane Brenan, CEO, TIFF Investment Management. “Business for good is central to our founding mission and extends to our approach in all we do for our clients, helping them advance their objectives with custom portfolio construction and proven investment strategies.”

B Lab™, a nonprofit transforming the global economy to benefit all people, communities, and the planet, evaluated TIFF in five key areas of impact—Governance, Workers, Environment, Community, and Customers—and reviewed TIFF’s legal framework to ensure it considers all stakeholders. All B Corps post their assessment score to B Lab Global’s website for complete transparency. See TIFF’s profile here.

“B Corps distinguish themselves from other companies with their commitment to driving a positive impact on society and the environment—a commitment TIFF Investment Management has clearly demonstrated since its founding,” said Max Hayes, Growth Manager, B Lab U.S. & Canada. “We are thrilled to have TIFF join our growing global network of organizations using business as a source for good, and we look forward to its contributions to our common mission.”

About TIFF Investment Management

TIFF Investment Management is an independent, employee-owned investment firm specializing in Outsourced Chief Investment Officer (OCIO) services and alternative investment strategies, including private equity, venture capital, and hedge funds. Founded in 1991, with nearly $9B1 in assets under management, TIFF draws on decades of experience serving nonprofits and other purpose-driven organizations. As a Certified B Corporation™, TIFF embeds accountability, transparency, and sustainability into its operations and investment practices. TIFF combines nonprofit expertise with institutional-quality access, partnering with long-term investors to deliver sustainable growth and enduring results that can advance their long-term objectives. Learn more at www.tiff.org.

1 TIFF assets under management (AUM) is as of 6/30/25 and includes discretionary and non-discretionary client assets for which TIFF affiliates provide investment management or advisory services. The private markets portion of TIFF AUM is calculated based upon fund net asset value plus unfunded commitments. Calculation of TIFF AUM differs from the calculation of regulatory assets under management in TIFF’s Form ADV filings with the SEC and may differ from the AUM calculation methodologies used by other investment managers.

B Lab is the independent third party that certifies companies as B Corporations when they meet high standards of social and environmental performance, accountability, and transparency. B Lab certified TIFF Advisory Services, LLC as a B Corporation on September 12, 2025. To remain certified, B Corporations must recertify every three years.

About B Lab

B Lab is a nonprofit transforming the global economy to benefit all people, communities, and the planet. A leader in economic systems change, our global network creates standards, policies, tools, and programs for business, and we certify companies, known as B Corps, that are leading the way. To date, our community includes 1,000,000 workers in over 10,000 B Corps across 103 countries and 160 industries. To learn more, visit bcorporation.net.

About B Lab U.S. & Canada

B Lab U.S. & Canada is a partner in the B Global Network, a unified group of global, regional, and national organizations that power a business movement as a force for good.  A historic global culture shift is underway to harness the power of business to help address society’s greatest challenges. Our global network creates standards, policies, tools, and programs that shift the behavior, culture, and structure of capitalism. B Lab certifies companies — known as B Corps — who are leading the way. Our vision is an inclusive, equitable, and regenerative economic system for all people and the planet.

For more information, visit usca.bcorporation.net and www.bcorporation.net.

About B Corp Certification

Certified B Corporations, or B Corps, are companies verified to meet B Lab’s standards of social and environmental performance, transparency, and accountability. Based on stakeholder input, research, and established best practices, B Lab’s standards are the basis for B Corp Certification requirements and B Lab’s impact management tools, and they inform the network’s programs and collective action initiatives.

Contact: For media inquiries, please email: karen@grahammediapartners.com.

Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance. There is no guarantee that any particular asset allocation or mix of strategies will meet your investment objectives.

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute investment, legal or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.

These materials may contain forward-looking statements relating to future events. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms or other comparable terminology. Although TIFF believes the expectations reflected in the forward-looking statements are reasonable, future results cannot be guaranteed.