Job Information
University of Utah Director of Investments in SALT LAKE CITY, Utah
The University of Utah is working on an agreement with a separate non-profit group called University of Utah Growth Capital Partners (UUGCP) to manage its endowment funds as well as funds that may come in through UUGCP. It has yet to be determined how that might look like. UUGCP is in the process of selecting an outsourced chief investment office (OCIO) to manage the endowment assets. The University needs to strengthen its team at this time and thus is looking to add additional position to its team to help manage this relationship.The University endowment is approximately $1.6B in assets under management - across fixed income, global equity, venture capital, private equity, private credit, private real assets, and diversifying strategies. UUGCP has its own investment committee which provides oversight to the OCIO. The University expects to maintain its own advisory committee which will work in conjunction with the OCIO and the UUGCP advisory committeeThe University of Utah is seeking to recruit a Director of Investments to oversee the management and performance of the University of Utah's endowment investments. This individual will act as a liaison between the University, the University of Utah Growth Capital Partners (DSO), and the Outsourced Chief Investment Officer (OCIO), and ensure the endowment supports the university's long-term financial goals and strategic priorities. This position will report into the Associate Vice President, Debt & Asset Management (Treasury), Robert Muir.Previously, the investment organization was led by a Chief Investment Officer and an investment team of three professionals. Due to the small staff, the team utilized two consultants who provided additional resources. The investment office reported to an Investment Advisory Committee consisting of 7-8 individuals primarily from the Salt Lake City area.