Top 30 Family Office Investors
Family offices are a unique group of institutional investors. Set up to manage private wealth for owners of renowned family businesses and their descendants, their missions and goals differ greatly from one to another. Nevertheless, like other investors, they are not immune to volatility in capital markets and technology disruptions to investment processes. This list highlights 30 investment guardians behind world’s wealthiest families who manage high-worth portfolios during times of challenges and changes. Gain more insights from top chief investment officers at Trusted Insight Alpha Conference.
Lane MacDonald is the president of The Crosby Group, the family office of the Johnson family located in Salem, New Hampshire. Before joining Crosby, MacDonald managed private equity investments for Harvard University’s endowment from 2008 to 2014. Before that, he was a partner at Alta Communications from 2000 to 2008, where he focused on originating and managing private equity investments. He received his MBA from Stanford University and a B.A. from Harvard University.
J.B. Pritzker is a co-founder and managing partner of Pritzker Group, a private investment firm that invests in three channels: middle-market acquisitions, technology venture capital and asset management. He is a dedicated investor in supporting technology entrepreneurs in Chicago and the Illinoise area. He is a founding member of ChicagoNEXT, Chicago's council on innovation and technology, 1871, a digital startup center, and Illinois Venture Capital Association. He also leads the Pritzker Family Foundation with his wife M.K. Pritzker.
Richard Slocum is the Chief Investment Officer of The Johnson Company, a large single family office based in New York City. He joined the family office in September of 2011 and developed an asset allocation plan for the family and for a charity that they direct. He has since built out a team and has actively diversified the portfolio. The office invests both in public and private funds, direct private equity and real estate. Slocum previously worked at The Robert Wood Johnson Foundation from 2005 to 2011. Before that, he worked for over 20 years at three banks in New York City, primarily as a private placement specialist. Slocum received an MBA and a B.S. in economics, both from the University of Pennsylvania's Wharton School.
Greg Penner is founder and general partner of Madrone Capital Partners, an investment management firm located in Menlo Park, California. He is the grandson-in-law of Wal-Mart's founder Sam Walton and the chairman of the Wal-Mart Board of Directors. Over a 20-year period, Penner has worked with Wal-Mart in a number of capacities, including as senior vice president and chief financial officer in Japan and senior vice president of finance and strategy for walmart.com. Penner earned a B.S. in international economics from Georgetown University in 1992 and an MBA from Stanford University in 1997.
George Pavlov is the CEO of Bayshore Global Management. Previously, he was a general partner at Tallwood Venture Capital from 2000 to 2015. Earlier in his career, Pavlov served as parter and chief financial officer at Mayfield Fund and Blum Capital Partners. Pavlov graduated from Boston College in 1985.
Thomas Ricks is the chief investment officer of H&S Ventures, a venture capital firm investing capital for the Samueli Family Office. Prior to taking this position, Ricks was CEO of The University of Texas Investment Management Company from March 1996 to May 2001. Ricks also served as vice chancellor for asset management for The University of Texas System from August 1992 through February 1996 and as executive director of finance and private investments from 1988 to 1992.
Trent May is the chief investment officer of 1888 Management, the family office founded by the Koch brothers, Charles Koch and David Koch. May joined 1888 Management in 2011 from Wyoming Retirement System, where he was the chief investment officer and steered the state pension's investments from public equity to hedge funds, including Bridgewater Associates and Moore Capital Management, during his tenure. At 1888, May focuses on the firm's direct investments. May received his MBA from Rollins College - Crummer Graduate School of Business.
Michael Larson is the chief investment officer to William H. Gates III. He is responsible for all of Mr. Gates’ non-Microsoft investments as well as all of the investments of the Bill & Melinda Gates Foundation Trust. Mr. Larson has managed wealth for Mr. Gates since 1994.
Alice Ruth is the chief investment officer at Willett Advisors, the family offices that invests the personal and philanthropic assets of Michael Bloomberg. Before joining Willett in 2008, Ruth was the cheif investment officer at Gordon and Betty Moore Foundation from 2001 to 2008. She graduated from Dartmouth College with a bachelor's degree in economics in 1984.
Chris Orndorff has served as chief investment officer of Vulcan, Inc., the single-family office for Microsoft co-founder Paul Allen, since June 2016. Orndorff has over 30 years of investment management and leadership experience. He spent roughly half of his career managing global equities and the other half managing global fixed income. He also has extensive experience in asset allocation. Orndorff holds a B.S. in finance from Miami University and an MBA in finance and international business from The University of Chicago. He is also a Chartered Financial Analyst.
Chuck Chai is the chief investment officer of Hillspire, LLC, a single-family office created in 2006 to manage the capital of Google co-founder Eric Schmidt. Previously, Chai served in the Treasury Department under the Obama Administration, was managing director and portfolio manager at Perry Capital and was an investment banker at Goldman Sachs. Chai holds a bachelor's degree in economics from Harvard and an MBA from Stanford.
Frederic Martel is the chief investment officer at Claridge, which manages the wealth of the Charles Bronfman family. Prior to joining Claridge, Martel worked in the investment banking group at Desjardins Securities in Montreal. Martel oversees a large part of Claridge’s investment program as well as its asset mix and risk allocations. Martel started his career as a sales engineer at Nortel Networks in Canada and Europe before taking the job as a sales engineer at Wind River Systems. Frederic holds an MBA from McGill University and a Bachelor of Engineering degree from Université du Québec à Chicoutimi.
Andrew Eberhart is the chief investment officer at Heinz Family Office, a prestigious single-family office located in Pittsburgh, Pennsylvania. Previously, Eberhart served as managing director at Lazard Freres & Co., managing partner at the Marshall Fund, managing director at Citigroup Private Bank and U.S. Trust and investment consultant at Cambridge Associates. Eberhart earned a B.A. in economics from Cornell University, actively served for more than a decade as a U.S. Navy aviator and then earned an MBA from the University of Pennsylvania's Wharton School.
William Scalzulli has served as director of investments at The Kraft Group since March 1992. Scalzulli holds a B.S.B.A in finance from Northeastern University and an M.S. in investment management from Boston University.
Suzi Kwon Cohen is chief investment officer at Mousse Partners Limited, which manages the wealth for the Wertheimer family. Previously, Kwon Cohen was managing director at GIC for nine months, head of private equity in the Americas at Quandrangle group and principal at Credit Suisse Private Equity/DLJ Merchant Banking. Kwon Cohen holds an MBA from Stanford University and a B.A. in economics and comparative literature from Brown University.
Melissa Cheong is the chief investment officer at Zoma Capital, the private family office of Ben and Lucy Ana Walton. Zoma seeks to invest in a broad range of market-based sustainable solutions toward addressing environmental and social problems. Previously, Cheong was the chief investment officer at Treehouse Investments and managing director of direct investing and private credit at Imprint Capital Advisors, among other roles. Cheong holds an MBA from Columbia University and a B.A. in political science from The University of Chicago.
Bruce Madding is the CEO and chief investment officer of C.M. Capital Corporation, which provides investment insight and opportunities to the Cha Family and the Cha Group's affiliated companies. The Cha Group began in 1949 with Dr. Cha Chi Ming’s creation of China Dyeing Works and now spans the globe with companies involved in textiles, manufacturing, real estate, technology and financial services. Previously, Madding was associated with the Henry J. Kaiser Family Foundation for 22 years as senior vice president and CFO. Prior to Kaiser, he was a director and senior audit manager at Price Waterhouse & Company. Madding holds an MBA from the University of Southern California.
Scott R. Earthy founded Fremont Private Holdings in 2012. He has more than fifteen years of experience making direct private investments in growing middle market companies using long-term family office capital. Prior to joining Fremont, Mr. Earthy was a managing director and a member of the investment committee at Ingleside Investors, a single-family investment office in New York. Earlier in his career, he sourced and executed direct investments on behalf of the Chicago-based Pritzker family and the Vancouver-based Armstrong family. Earthy holds a Bachelor of Commerce degree from Queen's University and an MBA from Stanford University.
John Fisher serves as president of Pisces, Inc., a single-family office established in 1992 to manage the wealth of the Fisher family, founders of the Gap clothing store. He holds an A.B. from Princeton University and an MBA from Stanford University.
As CIO, J.T. is responsible for the foundation and family investment portfolios of Nonami, the family office of Tom Cousins. This encompasses all aspects of investment selection and performance. One of the primary investment focuses of Nonami is to partner with exceptional management teams who have a clear vision for growth and a vested stake in the business. Nonami seeks to actively bring its relationships and resources to bear in achieving that vision.
Prior to joining Nonami, J.T. founded and managed a Julian Robertson backed credit hedge fund. He spent the first 11 years of his career at Donaldson, Lufkin & Jenrette/Credit Suisse focused on leveraged finance and M&A advisory.
He holds a BS from the University of North Carolina where he was a Morehead Scholar. J.T. is a board member for Brand Bank and a board observer for Savant Capital.
Clark Cheng is the chief investment officer at Merrimac, a private investment firm based in Stamford, Connecticut primarily investing in hedge funds. Prior to Merrimac, Cheng was a hedge fund manager HSBC’s Alternative Investment Group. Before that, he performed hedge fund research at Guggenheim Partners and Morgan Stanley between 2002 and 2005. Before that, he worked at Credit Suisse First Boston’s equity research department in 2001 and spent six years building and establishing West Coast Economics. Cheng holds the Chartered Financial Analyst, Financial Risk Manager and Chartered Alternative Investment Analyst designations. He holds an MBA from Duke University and a B.A. in business/economics and psychology from UCLA. He has also completed his coursework towards his master's degree in psychology from California State University, Los Angeles.
Asher Noor is the Chief Investment Officer and Group CFO for AlTouq Group – a sophisticated Saudi Arabian family investment office and a sought after public speaker. Asher is based in Saudi Arabia for more than 14 years and has worked for PwC and Banque Saudi Fransi in the past. His last position was CFO for Morgan Stanley in Saudi Arabia.
Asher is or has been on the board of many companies, in sectors as diverse as aviation, energy, financial services, infrastructure, information technology and telecom amongst others, representing AlTouq Group’s global investments. His achievements include taking a company public, executing the first equity swap on Saudi stock exchange, several M&A transactions, trade sale exits as well as financial restructuring and advisory roles for subsidiary companies. He is also the chairman of the leading MENA alternative investments asset manager in UAE.
Asher is a gold medalist, qualified trust & estate practitioner, chartered accountant and recipient of Middle East CFO of the year 2014 award and runner-up award as the MENA Investor of the Year 2016. He holds family business advising certification from Family Firm Institute in USA and also on their faculty and editorial board. He is also an MBA in family business from EDHEC Business School, France as well as elected to the university’s global alumni board.
Alan Chang is a partner and managing director at Capricorn Investment Group, an investment arm of Jeff Skoll’s family office. Chang is responsible for a multi-asset portfolio in Asia and other emerging markets as well as Capricorn’s global venture portfolio. Previously, Chang worked in early-stage venture investments at DFJ New England and was an analyst at Montgomery Securities. Chang holds a BSE from Duke University in electrical engineering, computer science and art history. He also holds an MBA from Harvard Business School.
Dalibor Pivcevic is the managing principal at Graham Partners. He joined the firm in 1993. He is responsible for sourcing and evaluating new investment opportunities as well as providing oversight for a number of Graham Partners’ current portfolio companies. Pivcevic earned his B.A. in business and MBA, both from Temple University.
Vice President & Senior Investment Officer
Scott Soffen is a senior investment officer at the American Trading and Production Corporation (Atapco), where he manages the corporation's non-real estate investments. Prior to this, he was a director at Calvert Education, an adjunct professor at the University of Baltimore, a managing director of equity research at Legg Mason, the first vice president of equity research at Lehman Brothers and the vice president of equity research at Robert W. Baird. He has a B.A. in economics from Rutgers University and an MBA from New York University. He is also a CFA charter holder.
Robert Tobin is the chief investment officer at Persimmon Capital Partners. He leads the firm's private equity and alternative investment activities and also oversees the firm's overall portfolio allocation strategy. Before joining the firm in 2012, Tobin served as an investment professional at ABS Capital Partners, a private equity firm focused on later-stage growth investments. He currently serves on the boards of multiple Persimmon's portfolio companies. Tobin received an MBA from Columbia Business School and a B.S. from the University of North Carolina at Chapel Hill.
David Bradley is the president of Huizenga Capital Management, a Chicago-based family office managing the wealth for the Huizenga family. Prior to joining the firm in 2000, Bradley had a successful career overseeing numerous successful private companies and was responsible for multiple operating businesses across industries in North America. He received a B.A. from the University of Illinois at Champaign and a Certificate in Portfolio Management from the University of Chicago.
Stephen Chang is the chief investment officer of LBCW Private Holdings, a family office based in suburban Philadelphia. He is also the founder and managing partner of Acrewood, which invests on behalf of successful, first-generation wealthy individuals, exclusively providing asset-backed principal participations with their peer group of established and serial entrepreneurs. Chang previously founded and sold two software concerns. He subsequently spent 13 years at Citigroup and Deutsche Bank/Bankers Trust, focusing on M&A, special situations and structured solutions. He serves on numerous boards including New Era Ltd, Elegantree Global Credit, Lafayette Homes and Akkadian Ventures. Chang received an AB cum laude in applied mathematics from Harvard University and an MBA in finance from the University of Pennsylvania - The Wharton School.
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