MIT’s endowment program wins 'best emerging manager'

Marcus Baram
Author Marcus Baram
Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.
Jul 11, 2023
2 months ago
Print

The $25 billion management company of the Massachusetts Institute of Technology’s endowment was named as having the “Best Emerging Manager Program” in a survey by the global fintech platform Clade of its institutional clients.

MITIMco’s success is credited to its track record for backing new fund managers, providing intellectual capital to help them scale, and identifying lucrative investment trends. The firm bested competitors such as CalPERS, DUMAC, MassPRIM, Teachers Retirement System of Texas and New York State Retirement.

“Seth Alexander and the whole MITIMco team are a remarkable example of how intellectual horsepower, calculated risk-taking and heterodox manager selection can come together for a winning trifecta,” said Jonathan Lipton, CEO of Clade. 

Other takeaways from the survey:

  • 61.7% of all institutional LPs will only invest in an emerging manager if their assets under management are more than $100 million. 
  • Well over half of all new investment allocations will go to fund managers with DEI characteristics. 
  • More than 50% of LPs require at least four meetings with a GP before making an investment.
  • Most often, LPs “ghost” GPs simply because they can’t get through their email inbox.

Clade’s fintech platform is used by over 400 institutional allocators, representing more than $3.6 trillion.

Marcus Baram
Author Marcus Baram
Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.