Jane Mendillo | |
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Born |
Jane L. Mendillo New Britain, Connecticut, U.S. |
Residence | Concord, Massachusetts, U.S. |
Alma mater | Yale University |
Occupation | Investor, endowment manager, and philanthropist |
Years active | 1987 - present |
Known for | Managing the endowments of Wellesley College and Harvard University |
Salary | US$13.8 million (2014) |
Jane L. Mendillo is an American investor, endowment fund manager, and philanthropist. She was the president and chief executive officer of the Harvard Management Company, charged with managing Harvard University's endowment. She led the investment team from 2008 to 2014 leaving the endowment at US$36.4 billion. Previous to her leading the company she was in charge of managing the endowment's domestic equities, venture capital, charitable trusts and gifts.
During her first couple of years at Harvard she gained the attention of the investment team at Wellesley College and was tapped to be the college's chief investment officer--a position she filled from 2002 to 2008, leaving the endowment at $1.67 billion (up from its 2002 market value of $1.03 billion). In the summer of 2008, she returned to Harvard to lead its investment committee. Her time at Harvard was marked by the financial crisis of 2007-2008, as well as under performing positions in private equity.
In 2009, Forbes Magazine's 100 Most Powerful Women List placed Mendillo as number 37, before Margaret Chan and after Hillary Clinton.
Jane Mendillo was born in New Britain, Connecticut. She has a BA from Yale College in 1980 with a degree in English and an MBA from the Yale School of Management in 1984.
Previous to her graduating with a M.B.A. she worked in the office of investments at Yale University from 1980 to 1982 under David F. Swensen. She is a CFA charterholder. During 1983, she worked with Lord Abbett in New York as an equities analyst. Jane Mendollo was a management consultant with Bain & Company in Boston from 1984 to 1987.
Jane was employed by the Harvard Management Company from 1987-2001. She occupied various roles such as vice president of external management, in which she had investment responsibility for $7 billion in Harvard assets, including $6 billion in externally managed investments for the Harvard endowment, and $1 billion in Harvard pension and related accounts. Jane’s other positions at Harvard Management included domestic equities investment, venture capital investment, and the management and investment of charitable trusts and gifts.