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Generated by PitchBook for Eileen Applebaum Last Updated: 19-Oct-2017

Syracuse University Endowment | Endowment Profile


General Information pbID: 11609-74

Description
Syracuse University manages an endowment fund which is based in Syracuse, New York. The earnings from endowment investments
support scholarships, basic research as well as academic. The assets are managed by the board of trustees, who are assisted by an
investment and endowment committee.

Website www.syracuse.edu
Also Known As SU Endowment
Institution Type Endowment
Management Staff 9
AUM $1.29B

Contact Information

Primary Contact Primary Office


Amir Rahnamay-Azar 900 South Crouse Avenue
Syracuse, NY 13244
Senior Vice President & Chief Financial Officer
United States
amir@syr.edu
Phone +1 (315) 443-1870
Phone +1 (412) 268-2992

Investment Policy & Preferences

Policy
Current Equities $469.66M (36.40%)

Hedge Funds $238.64M (18.50%)

Current PE $219.10M (17.00%)

Fixed Income $175.63M (13.60%)

Syracuse University Endowment's investment portfolio is valued at over $1.29 billion, with investments in private equity. As of June 30,
2016, the private equity portfolio was valued at over $219.1 million, representing 17% of the total portfolio. This is a decrease in
allocation from June 30, 2015, where the fund had $236 million invested in private equity. Investments in private equity includes buyout,
venture capital, debt and private growth equity fund strategies diversified in geographical locations across the United States. As of June
30, 2016, the University’s outstanding commitments to private partnerships totaled $110.2 million. The portfolio has committed to the
funds of Great Hill Partners, BCI Partners and Sandler Capital Management. Syracuse University Endowment's investments are
governed by the board of trustees, with Mr. Steven Barnes serving as Chairman. The board of trustees is assisted by an investment
and endowment committee, with Steven W. Ballentine serving as Co-Chairman.

Commitment Preferences

Preferred Fund Types: Buyout, PE Growth-Expansion

Preferred Regions: United States, Americas, North America

Top 25 Partners and Management Team

Name Title Roles Office Contact Info

Kent Syverud JD Chancellor & President 1 Syracuse, NY ksyverud@syr.edu


+1 (315) 443-1870

Amir Rahnamay-Azar Senior Vice President & 1 Syracuse, NY amir@syr.edu


Chief Financial Officer +1 (412) 268-2992

Doreen Henson Director, Principal Gifts 1 Syracuse, NY dmhenson@syr.edu


+1 (315) 443-3555

Teresa Dahlberg Dean, College of 1 Syracuse, NY dahlberg@syr.edu


Ph.D Engineering and +1 (315) 443-1870
Computer Science

U. David Park Ph.D Faculty, 1 Syracuse, NY udpark@syr.edu


Entrepreneurship and +1 (315) 443-2486
Emerging Enterprises
Program

Tammy Schlafer Executive Director, 1 Syracuse, NY tsschlaf@syr.edu


Annual Giving +1 (315) 443-1818

Daniel French Senior Vice President & 1 Syracuse, NY dfrench@syr.edu


General Counsel +1 (315) 443-1870

Lisa Dolak JD Senior Vice President & 1 Syracuse, NY ladolak@syr.edu


University Secretary +1 (315) 443-1870

David Smith Treasurer 1 Syracuse, NY smithd@syr.edu


+1 (315) 443-2486

Michael Ransom Assistant Dean for 1 Syracuse, NY mransom@syr.edu


Advancement +1 (315) 443-3330
Engineering & Computer
Science

Minet Schindehutte Associate Professor of 1 Syracuse, NY mschinde@syr.edu


Entrepreneurship +1 (315) 443-3586

Direct Investments
Company Deal Date Deal Type Deal Size Co-Investors Company Industry Lead
Name Stage Partner

xFiesta 01-Apr-2012 Grant $0.03M Startup Information Services


Frog (B2C)

x Investor Exited Deal

Last 25 Commitments

# Fund Name Fund Fund Location Vintage Fund Size Committed IRR Quartile
Type

4 Great Hill Equity Buyout Boston, MA 2008 $1.13B 25.00% 1 (Top)


Partners IV

3 Sandler Capital Buyout New York, NY 2000 $780.00M


Partners V

2 BCI Growth V PE Teaneck, NJ 1999 $360.00M -10.70% 4 (Bottom)


Growth-
Expansion

1 Sandler Capital Buyout New York, NY 1998 $477.00M


Partners IV

Service Providers

General Service

Service Provider Name Service Provided Comments

KPMG Auditor Start Date: 30-Jun-2012

Current Board Members (8)

Name Title Representing Role Since

Darlene DeRemer Co-Chairwoman, Syracuse University Co-Chairwoman,


Investment and Endowment Investment and
Endowment Committee Endowment Committee

David Edelstein Vice Chairman, Board of Syracuse University Vice Chairman, Board of
Trustees Endowment Trustees

James Kuhn Board Member Syracuse University Board Member


Endowment

Michael Thonis Vice Chairman, Board of Vice Chairman, Board of


Trustees Trustees
Reinaldo Pascual Vice Chairman, Board of Vice Chairman, Board of
JD Trustees Trustees

Sharon Jacquet Vice Chairwoman, Board Syracuse University Vice Chairwoman, Board
of Trustees Endowment of Trustees

Steven Ballentine Co-Chairman, Investment Syracuse University Co-Chairman, Investment


and Endowment Endowment and Endowment
Committee Committee

Steven Barnes Chairman, Board of Syracuse University Chairman, Board of


Trustees Endowment Trustees

News

25 must-see buildings in Washington


Take a photo tour of noteworthy buildings as recommended by AIA Washington.

USA Today | 16-Nov-2017


Tagged entities: Syracuse University Endowment, 110 Bishopsgate, 8990 Holdings, All Saints UK, Alphawood Foundation,
Amazon.com, American Enterprise Group, American Institutes Holdings, Anshen + Allen Architects, Associates, Atchison Products, Bell
Food Group, Boeing, Boston Symphony Orchestra Endowment, Chase Bank, Churchill Downs, Circuit of the Americas, Comsat
International, Deere & Company, Dorna Sports, Drake University Endowment, Eastman Kodak, Ehdd, Empire Bank, Energy, Farmers
Automobile Insurance Association, FieldHouse Associates, Ford Foundation, Gillette, Glass House Hotel, HKS Architects, HNTB,
Humana, Illinois Institute of Technology Endowment, Institute of Biomedical Research, Iowa State University Foundation, Johns
Hopkins University Endowment, Kimbell Art Foundation, Kirkegaard Associates, LaSalle Solutions, Lawrence Group, Lincoln,
MachineShop, Metropolitan Museum of Art, Missouri State University Foundation, National Trust for Historic Preservation, New York
University Endowment, Nike, Observatory Crest, Peoples Energy Production Company, Piano, Procter & Gamble, Richard H. Driehaus
Foundation, RSP Architects, Santa Fe Midstream, Sewanee-The University of the South Endowment, Sobro, Sweet Briar College
Endowment, The Art Institute of Chicago Endowment, The Chicago Community Trust, The Santa Fe Opera, U.S. Department of
Energy, U.S. Green Building Council, Union Station, University of Evansville Endowment, University of Iowa Endowment, University of
Kentucky Endowment, University of New Mexico, University Of Notre Dame USA In England, University of Virginia Investment
Management Company, University System of Maryland Foundation, URS, Virgin Galactic, VOA Associates, Wells Real Estate Fund,
Westminster College of Salt Lake City Endowment

EdR : Announces Third Quarter 2017 Results


MEMPHIS, Tenn., Oct. 30, 2017 /PRNewswire/ -- EdR , one of the nation's largest developers, owners and managers of high-quality
collegiate housing communities, today announced results for the quarter...

4-traders | 30-Oct-2017
Tagged entities: Syracuse University Endowment, Core, Michigan State University, Moody's, NOI Strategies, Pilot, Texas Tech
University System Endowment, University of Florida Investment, University of Kentucky Endowment

What Happens When Two Neutron Stars Collide? Scientific Revolution


Even as the solar eclipse was mesmerizing millions, astronomers were training their space- and land-based telescopes on a far more
violent astrophysical event.

Wired | 25-Aug-2017
Tagged entities: Syracuse University Endowment, Limefy, Simons Foundation

Facebook adds monthly and seasonal recaps to On This Day


Remember 2007? This exact day 10 years ago was when I moved to college to start freshman year at Syracuse University, and I know
that off the top of my head because Facebook won’t let me forget it...

The Verge | 25-Aug-2017


Tagged entities: Syracuse University Endowment

ESPN stirs controversy by reassigning announcer named Robert Lee


ESPN stirs controversy by reassigning announcer named Robert Lee 2017-08-24 03:55:23 GMT2017-08-24 11:55:23(Beijing
Time)Xinhua English WASHINGTON, Aug. 23 (Xinhua) -- U.S. Sports television network ESPN has stirred controversies by deciding to
pu...

Sina English | 24-Aug-2017


Tagged entities: Syracuse University Endowment, China National Financial Information Center, Entertainment Sports Programming
Network, University of Virginia Investment Management Company

Student Employment Services Relocates Aug. 25-Sept. 1


SYRACUSE, NY -- The following information was released by Syracuse University: Student... | Article from States News Service
August 24, 2017

HighBeam | 24-Aug-2017
Tagged entities: Syracuse University Endowment, Customer Service Profiles, Gale Group

Syracuse University : Student Employment Services Relocates Aug. 25-Sept. 1


Student Employment Services will be temporarily located at the Goldstein Alumni and Faculty Center from Friday, Aug. 25, to Friday,
Sept. 1, on the second floor to assist students,...

4-traders | 23-Aug-2017
Tagged entities: Syracuse University Endowment

ESPN, Citing Safety, Says Robert Lee Won’t Broadcast Virginia Football Game
ESPN, Citing Safety, Says Robert Lee Won’t Broadcast Virginia Football Game

DealBook | 23-Aug-2017
Tagged entities: Syracuse University Endowment, ACC Network, Entertainment Sports Programming Network, Siena College
Endowment, University of Pittsburgh Endowment, University of Virginia Investment Management Company

ProfNet : Experts Available on Supply Chain Management, Health Insurance, More


NEW YORK, Aug. 21, 2017 /PRNewswire/ -- Below are experts from the ProfNet network who are available to discuss timely issues in
your coverage area.You can also submit a query to the hundreds of...

4-traders | 21-Aug-2017
Tagged entities: Syracuse University Endowment, Graham Holdings, NewsRoom, PR Newswire Association, SCM, The New York
Times

ProfNet Experts Available on Supply Chain Management, Health Insurance, More


ProfNet Experts Available on Supply Chain Management, Health Insurance, More

PR Newswire-General | 21-Aug-2017
Tagged entities: Syracuse University Endowment, Graham Holdings, The New York Times

Document Security Systems, Inc. Announces Additions to Board of Directors


ROCHESTER, NY--(Marketwired - Aug 21, 2017) - Document Security Systems, Inc. (NYSE American: DSS), ("DSS"), a leader in anti-
counterfeit, authentication, and diversion protection technologies whose products and solutions are used by governments, ...

MarketWired | 21-Aug-2017
Tagged entities: Syracuse University Endowment, Advanzeon Solutions, Amacore Group, Cequent Pharmaceuticals, Document
Security Systems, Edwards Wildman Palmer, Juridica Asset Management, Nafta, National Securities Corporation, New York Stock
Exchange, NYSE MKT, Polsinelli, Rembrandt, Sigma Plastics Group, Yeshiva University Endowment

Infosys Limited : Featured Company News - Infosys CEO Vishal Sikka Quits as Differences Widens Between
Founder and Board
Research Desk Line-up: Planet Payment Post Earnings Coverage LONDON, UK / ACCESSWIRE / August 21, 2017 / Pro-Trader Daily
takes a look at the latest corporate events and news making the headlines... | aot 21, 2017

4-traders | 21-Aug-2017
Tagged entities: Syracuse University Endowment, Infosys, Leland Stanford Junior University, NASDAQ
Featured Company News - Infosys CEO Vishal Sikka Quits as Differences Widens Between Founder and
Board
Research Desk Line-up: Planet Payment Post Earnings Coverage LONDON, UK / ACCESSWIRE / August 21, 2017 / Pro-Trader Daily
takes a look at the latest corporate events and news making the headlines for Bangalore, India based Infosys Ltd (NYSE: INFY)...

AccessWire | 21-Aug-2017
Tagged entities: Syracuse University Endowment, Infosys, Leland Stanford Junior University, NASDAQ

Trump's 'alternative Christians': What would the Founding Fathers say?


Conservative envangelicals who serve Trump run afoul of the Constitution and Jesus' teachings.

Los Angeles Times | 19-Aug-2017


Tagged entities: Syracuse University Endowment, KTLA, United Launch Alliance

10 things to know about Vishal Sikka as he steps down as CEO of Infosys


Here are the things to know about the man who is claimed to have pioneered the concept of ‘timeless software’.

Moneycontrol | 18-Aug-2017
Tagged entities: Syracuse University Endowment, CommerceNet, Fuji Corporation, Infosys, Leland Stanford Junior University, Sikka
Software, Xerox

Getaway driver guilty of robbery in death of Chinese student


Getaway driver guilty of robbery in death of Chinese student

National Post | 17-Aug-2017


Tagged entities: Syracuse University Endowment

Higginbotham : Adds 50-Year-Old Life Insurance Agency The Dike Company, Inc. to Fort Worth Operations
FORT WORTH, Texas, Aug. 16, 2017 /PRNewswire/ -- Higginbotham announced today that A.R. Buddy Dike and his colleagues at The
Dike Company, Inc. have joined the insurance firm at its home...

4-traders | 16-Aug-2017
Tagged entities: Syracuse University Endowment, NFP, Texas Christian University Endowment

Higginbotham Adds 50-Year-Old Life Insurance Agency The Dike Company, Inc. to Fort Worth Operations
Legacy in local business and TCU football A.R.

PR NewsWire | 16-Aug-2017
Tagged entities: Syracuse University Endowment, NFP, Texas Christian University Endowment

After Charlottesville, Dark Humor Helps Twitter Grieve


Processing the horror in Charlottesville involved heavy hearts and gallows humor, in nearly equal measure.

Wired | 15-Aug-2017
Tagged entities: Syracuse University Endowment, Pepsico

YSTRATEGIES : Management's Discussion and Analysis of Financial Condition and Results of Operations
(form 10-Q)
The following discussion and analysis of our financial condition and plan ofoperations should be read in conjunction with our unaudited
interim financialstatements and related notes appearing... | aot 14, 2017

4-traders | 14-Aug-2017
Tagged entities: Syracuse University Endowment, Alphabet, Angel Investors, Groundcontrol Solutions, India E-Commerce, Intel
Capital, Living Networks, Loudeye, Morgan Stanley, SightPath, Ystrategies

Should web-hosting companies restrict who's on their platforms?


White supremacist and neo-Nazi website The Daily Stormer is having a hard time finding a place on the web.
Erie News Now | 14-Aug-2017
Tagged entities: Syracuse University Endowment, Alphabet, Cable News Network, DreamHost, GoDaddy, Time Warner

5 Ways You Sabotage Your Own Happiness


When comes to your happiness, you're the boss.

Entrepreneur | 11-Aug-2017
Tagged entities: Syracuse University Endowment, Leland Stanford Junior University, The London School of Economics and Political
Science Endowment

Syracuse professor gets $52,000 to study gig economy (Syracuse University News)
A Syracuse University professor received a $52,000 grant from the National Science Foundation to study the gig economy, Syracuse
University reported.

Staffing Industry Analysts | 08-Aug-2017


Tagged entities: Syracuse University Endowment, National Science Foundation

Developmentally Disabled, and Going to College


Developmentally Disabled, and Going to College

DealBook | 04-Aug-2017
Tagged entities: Syracuse University Endowment, Massachusetts General Hospital, Osprey Media (Three Weekly Newspapers and a
Speciality Wine Magazine), The New York Times, University of Virginia Investment Management Company, World Corp

Trump Runs into Republican Resentment and Resistance


WASHINGTON President Trump's strong-arm negotiating tactics may have worked against business... | Article from Dayton Daily News
(Dayton, OH) August 4, 2017

HighBeam | 04-Aug-2017
Tagged entities: Syracuse University Endowment

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