Position Type: Investments

Julia Zhan joined TIFF in 2021 and serves as Director, Investments and Head of Sustainability. She performs sourcing, investment research, and manager selection across marketable equity-oriented assets, with the additional focus of portfolio management for sustainable investments. She chairs TIFF’s Corporate Responsibility Committee and is a member of the ESG Committee and DEI Committee.

Previously, Julia worked at Marsoft Inc. in areas including distressed debt, impact investments, banking decarbonization, and voluntary carbon credit markets.

She graduated from Jiangxi University of Finance and Economics with a BA in Finance, summa cum laude and valedictorian, and from Boston College with an MS in Finance, Dean Scholarship. She holds the FSA Credential.

Kane Brenan has served as the Chief Executive Officer (CEO) of TIFF Investment Management since 2020. In this role, he leads the firm in fulfilling its mission to be the best OCIO to the nonprofit community. Building on TIFF’s three-decade legacy, he brings best practice to investment management and advisory to help clients achieve their individual investment and organizational objectives in an increasingly challenging landscape.

Prior to joining TIFF, Kane spent more than 20 years at Goldman Sachs, most recently as Partner, Global Head and co-CIO of the Global Solutions Portfolio Group, working closely with large endowment and pension clients in an OCIO capacity. Prior to this role, Kane was a Managing Director, helping to manage Goldman’s secondary private equity investment platform. Previously, Kane was a corporate M&A lawyer at Cravath, Swaine & Moore.

Kane is also active in support of nonprofits outside of his work at TIFF, including serving on the boards of Beyond Celiac, Bryn Mawr Hospital Foundation, and Holy Child School at Rosemont.

He earned his BA from Boston College and his JD/MBA from Georgetown University and currently holds FINRA Series 7 and 63 licenses. Kane is also a member of TIFF’s Investment Committee and the TIFF Advisory Services (TAS) Board.

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Rick Morgan, CFA joined TIFF in 2019 as a senior member of the Private Markets group, and he focuses on all aspects of Private Markets investments, including sourcing, diligence, and ongoing portfolio construction and maintenance. He works across PE direct investments, primary commitments, and secondary opportunities.

Prior to joining TIFF, Rick spent seven years working on the investment team at New Mountain Capital, a multi-strategy investment firm. In the earlier stages of his career, he worked at a small value-based hedge fund, as well as an investment banking analyst in New York City. He has a broad range of experience across various industries and has been exposed to multiple asset classes in his work as a generalist.

Rick holds a Bachelor of Arts in Economics and Mathematics and graduated magna cum laude from Middlebury College. He is also a CFA® charterholder. Rick has a strong interest in children’s education and has been a dedicated long-time supporter of Teach for America.

Jay Willoughby, CFA, is Co-Chief Investment Officer of TIFF Investment Management and has chaired TIFF’s Investment Committee since 2015. Having served as the firm’s sole Chief Investment Officer, he now partners with Co-Chief Investment Officer Trevor Graham to co-lead the firm’s investment strategy and oversee portfolio management, helping clients harness the full power of the endowment model and active management in support of their long-term missions

With more than four decades of investment experience, Jay developed his fundamental belief in the power of equities to drive long-term returns during his four years as Chief Investment Officer of the $50 billion Alaska Permanent Fund, his tenure as Co-Managing Partner at Ironbound Capital Management, and his near-decade at Merrill Lynch Investment Managers, where his roles included serving as CIO of the Private Investors Group, Portfolio Manager of the Merrill Lynch Real Estate Fund and Head of Research for Equity Funds.

He holds a BA in Biology from Pomona College and an MBA from Columbia University. He is also a Chartered Financial Analyst® and member of the CFA Institute.

Jay also serves on the TIFF Advisory Services (TAS) Board and the board of American Homes 4 Rent (AMH), a real estate investment trust.

Stephen Williams, CFA joined TIFF in 2015 as a senior member of the Private Markets group. He is focused on managing the private equity and venture capital segments of the portfolio. His responsibilities include overseeing all aspects of private market investments, including primary fund commitments, PE direct investments alongside funds and independent sponsors, and secondary investments. Stephen also concentrates on asset allocation and portfolio modeling, providing support to the broader investment team, and assisting TIFF’s clients in developing long-term exposure to private markets.

Prior to joining TIFF, Stephen began his career at Cogent Partners, a boutique investment bank serving the private equity secondary market.

A CFA® charterholder and member of the CFA Society Boston, Stephen earned a BA in Mathematics from the University of Chicago and an MA in History from Yale’s Graduate School of Arts and Sciences, where he specialized in early modern European economic history and cross-cultural trade. Initially located in TIFF’s Boston office, he is now based in Los Angeles, CA.