Institutional
Revisiting spending policy in a higher-rate world.
Higher expected returns from fixed income create room for boards to reconsider spending rules, smoothing formulas and liquidity reserves.
David Whitfield · 7 min read
Institutional Advisory
Endowments and foundations, managed to mandate.
Outsourced CIO and advisory solutions that align capital with mission, spending policy and board governance.
- Under stewardship
- $34B
- Institutional mandates
- 120+
- Average client tenure
- 18 yrs
Overview
We serve endowments, foundations and pension plans as outsourced chief investment officer and advisor, aligning capital with mission, spending policy and board governance.
Who we serve
- Endowments and foundations seeking full OCIO implementation
- Investment committees wanting independent advisory support
- Pension and healthcare institutions with liability-driven needs
Capabilities
04- 01
OCIO solutions
Full discretionary management of the investment program on the committee's behalf.
- 02
Investment policy design
Policy statements, asset allocation studies and benchmark selection.
- 03
Spending policy analysis
Modeling of spending rules, smoothing formulas and liquidity reserves.
- 04
Board education & reporting
Clear, decision-ready reporting and trustee education sessions.
How we work
A disciplined process, led by one accountable team.
- Step 01
Assessment
We review governance, policy, portfolio and operations against best practice.
- Step 02
Policy
We work with the committee to set objectives, risk tolerance and spending rules.
- Step 03
Implementation
We build and manage the portfolio within delegated authority.
- Step 04
Reporting
We report to the board quarterly and support annual policy reviews.
“Board reporting went from weeks to a single afternoon.”
Sarah BouchardCFO, Lightspeed EndowmentRelated insights
View all
Market OutlookPrivate credit is not the new fixed income.
Higher yields have drawn record allocations to direct lending. We think it belongs in portfolios — but in a different place than most investors are putting it.
Priya Raman · 8 min read
Tax & Estate5 estate strategies most families leave until it is too late.
The most effective estate planning techniques depend on time — for assets to appreciate, for trusts to season and for families to learn. Here are the ones we see deferred most often.
Alex Tanaka · 7 min read
Discuss institutional advisory with a specialist.
A 45-minute introductory consultation with a senior advisor about your family, your objectives and how your current advisors work together. No obligation.