Type: Press Release

TIFF Investment Management Appoints Carolyn Patton, CFA as Head of Private Market Client Solutions

Radnor, PA—November 16, 2022 — TIFF Investment Management (“TIFF”), an asset management firm dedicated to delivering comprehensive OCIO services to endowments, foundations, and other charitable organizations, today announced that it has hired Carolyn Patton, CFA as Head of Private Market Client Solutions. Based in TIFF’s Radnor, Pennsylvania headquarters, Ms. Patton will work alongside the investment team optimizing the role of Private Market investments in member portfolios, conducting a holistic analysis of TIFF’s Private Markets solutions, and developing implementation strategy, including portfolio customization.

Ms. Patton joins TIFF in this newly created role from Sustainable Growth Advisers, where she spent nearly three years as Director of Business Development. In addition to working with boutique organizations throughout her 25+ year career, Ms. Patton previously worked in senior strategy and distribution roles at some of the leading investment management firms in the industry including Morgan Stanley Investment Management, Janus Capital Group, Turner Investments, and Deutsche Asset Management.

“TIFF is a mission-based organization that works alongside our nonprofit members to help them meet their investment needs,” said Ms. Patton. “I am proud to join a team of talented professionals who are dedicated to providing exceptional investment counsel to enable charitable organizations, endowments, and foundations to fulfill their missions.”

“In today’s dynamic financial markets, it’s incredibly important to understand our members’ investment goals,” said Brendon Parry, Head of Private Markets at TIFF. “Carolyn brings a deep strategic background to the team. Her extensive institutional experience will be immensely beneficial to TIFF members considering customized approaches to their Private Markets programs.

“TIFF was founded with the goal of allowing smaller nonprofits access to the same investment strategies and premier managers as their larger and better-resourced peers. Our Private Markets offering is differentiated by a targeted and nimble approach, focused on access to exceptional managers and investing in the lower end of the market, both of which we believe are key components for generating alpha,” said Kane Brenan, CEO of TIFF. “Carolyn brings to our team years of institutional client solutions experience. Her expertise will allow us to continue to provide, in our view, best-in-class Private Markets advice and solutions to our members.”

About TIFF Investment Management
TIFF is an asset management firm dedicated to delivering comprehensive outsourced CIO (OCIO) and private equity investment solutions to primarily endowments, foundations, and other charitable organizations. Our primary objective is to enhance investment returns for our members while also optimizing their costs and reducing their administrative burden.

For over 30 years, TIFF has strived to be the nonprofit community’s most trusted investment partner. We specialize in providing investment solutions that help our members fulfill their mission and achieve their financial goals. We offer two primary solutions for our members – comprehensive advisory solutions, and more specialized asset class specific solutions.

For media inquiries, please contact pro-tiff@prosek.com.

Radnor, PA – June 27, 2022 – TIFF Investment Management (“TIFF”), the not-for-profit OCIO focused on serving nonprofits with $7.8 billion AUM, including committed capital, today announced it has appointed Alyssa Rieder, Chief Investment Officer at CommonSpirit Health, and Rick Slocum, Chief Investment Officer at Harvard Management Company (“HMC”), to the Board of Directors of TIFF Advisory Services, Inc. Alyssa and Rick join the Board that includes some of the most prominent CIOs, CEOs, and leaders within the nonprofit investment industry.

Their investment expertise along with their extensive knowledge of the nonprofit industry will support TIFF’s asset allocation and portfolio construction, provide general market and investing insights, as well as experienced Board governance and oversight.

Alyssa oversees the investment team at CommonSpirit Health and its $50 billion investment program comprised of corporate, retirement, foundation, and self-insurance assets. She led the ten-fold growth of the program through a combination of organic growth and merger integration, demonstrates a thorough understanding of enterprise risk implications for strategic asset allocation, and is a recognized leader in sustainable investing. Alyssa’s previous experience as an equity portfolio manager, deep and diverse investing network, and established strength in manager selection will contribute greatly to TIFF’s mission.

Rick oversees the investment team at HMC and a portfolio of more than $53 billion. Alongside the CEO, they recently led a multi-year restructuring of HMC, transitioning the investment model to focus almost exclusively on external asset managers while also working with the University to identify the appropriate level of risk for their endowed funds. From his decades of experience in the financial industry, Rick brings a skill set that will greatly benefit TIFF, including a strong track record of building portfolios, designing asset allocation, and private equity investing.

For more information on TIFF’s Board, visit: https://www.tiff.org/people/#board-of-directors.

About TIFF Investment Management
TIFF is a mission-driven, not-for-profit organization focused on delivering investment solutions to foundations, endowments, and other charitable institutions. Since its inception in 1991, TIFF has served the non-profit community by providing experienced manager selection and access, risk-sensitive asset allocation, and integrated member service to institutions with long-term investment horizons. For more information, visit: www.tiff.org.

For media inquiries, please contact Sue Watt, swatt@prosek.com.

TIFF Investment Management is pleased to welcome Jennifer Deger to our TIFF Investment Program (TIP) mutual fund Board.

Jennifer Deger, Director of Finance and Global Controller at the Bill & Melinda Gates Foundation has been elected to the TIP mutual fund Board. In her role, Ms. Deger is responsible for overseeing the global tax and accounting functions for the foundation with over $50 billion in assets and multiple offices and subsidiaries.  Ms. Deger and her team manage the annual financial statement audits, international payroll, annual disbursements of over $6B, general ledger accounting, employee expense management, tax, and regulatory filings.

For over 30 years TIFF’s Boards have included many of the nonprofit industry’s most prominent CEOs, CIOs, and other financial executives. Ms. Deger brings significant financial expertise to TIFF and will support the Board’s mission to provide insight into asset allocation, portfolio construction, governance, and the selection of investment managers.  For more information on TIFF’s Boards, visit: TIFF Board of Directors.

Hiring of Shen marks seventh senior hire in 2021 further bolstering TIFF’s investment capabilities

TIFF Investment Management is pleased to announce that it has hired Zhe Shen as a Director of the Diversifying Strategies group. In this role, Shen will join a team responsible for evaluating and selecting a global portfolio of diverse managers expected to provide positive returns exceeding bonds and portfolio diversification while maintaining approximately a 0.3 beta to the equity market.

Shen joins TIFF from Portland House Partners where he was a Portfolio Manager on two external funds, an alternative portfolio, and a long/short equity portfolio which reached $1 billion in market value at their peak. Prior to his tenure at Portland House, Zhe was at AllianceBernstein and Goldman Sachs Asset Management where he held positions in research and business analysis.

“We are delighted to welcome Zhe to TIFF,” said Jay Willoughby, Chief Investment Officer of TIFF. “Zhe will be a valuable member of our diversifying strategies investment team.  The combination of Zhe’s strong analytical skillset and broad investment experience make him an ideal addition to the team.”

Born and raised in China, Shen earned a bachelor’s degree in Finance and Economics from the University of Wisconsin – Madison and has earned the CFA designation.

TIFF Investment Management is pleased to welcome Bola Olusanya to the Board of Directors of TIFF Advisory Services, Inc.

Bola Olusanya serves as Chief Investment Officer at The Nature Conservancy (Arlington, VA), the global environmental organization dedicated to conserving land and water, and has more than 20 years of experience in investment management as both an executive and thought leader in both the nonprofit, conservation and investment industries.

Mr. Olusanya’s expertise, unique nonprofit experience and knowledge will support TIFF’s asset allocation and portfolio construction in addition to Board governance and oversight.
Prior to his role at The Nature Conservancy, Mr. Olusanya was a Managing Director at Key Private Bank and Strategic Investment Group. He has also held positions at Vanderbilt University’s investment office, Emory University’s investment office, and senior positions within the Nigerian banking sector.

For more information on TIFF’s Board, visit: TIFF Board of Directors.
All data as of September 30, 2021