Mon, Sep 28, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hirtle Callaghan taps Stephen Vaccaro for private equity

Friday, August 16, 2019
Opalesque Industry Update - Hirtle Callaghan, pioneers of the Outsourced Chief Investment Officer (OCIO) model with over $20 billion under management, announced today that Stephen Vaccaro has joined the firm as Director of Private Equity. Mr. Vaccaro is an accomplished investment professional with more than 15 years of experience in endowment management and consulting, including the University of Pennsylvania, Princeton University, and BCG.

Mr. Vaccaro is working closely with Hirtle Callaghan's investment team to oversee private equity investment efforts on behalf of the firm's family, endowment, foundation, healthcare, and pension clients. He reports to Dan McCollum, Deputy Chief Investment Officer, who leads the firm's manager selection and is himself an endowment veteran, having joined Hirtle Callaghan from Brown University. Mr. Vaccaro also serves as a member of Hirtle Callaghan's Investment Policy Committee and Investment Strategy Committee.

"We are excited to welcome a professional of Stephen's caliber to the investment team at a time when private equity is an increasingly important component of our clients' portfolios," said Mr. McCollum. "Stephen brings an impressive track record leading private equity investments and a robust relationship network of talented fund managers. We are certain that his extensive experience at two of the world's most prestigious university endowments will further enhance our ability to identify and access top performing private equity managers."

Mr. Vaccaro joins Hirtle Callaghan from the University of Pennsylvania's Office of Investments, where he focused for eight years on growing the private equity investment program for the University's $13 billion endowment and $2 billion pension fund. As a senior team member, Mr. Vaccaro played an active role in investment committee discussions across public equity, private equity, real assets, and absolute return strategies.

Prior to joining the University of Pennsylvania, Mr. Vaccaro was a senior team member at Princeton University's $26 billion endowment, where he worked in private investments across buyouts, venture capital, natural resources, and real estate. Before Princeton, Mr. Vaccaro served as a principal in BCG's New York and Moscow offices, where he led numerous projects for private equity firms, investment banks, global corporations, and start-up ventures. Mr. Vaccaro holds a B.A. from Vanderbilt University and an M.B.A. from Yale University. He is also a CFA charterholder.

"I am honored to take on this new role at Hirtle Callaghan and build on the firm's three-decade legacy of partnering with families and institutions to serve as their investment office and helping them in achieving their goals," said Mr. Vaccaro.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing: Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says, Pandora tops world's best-performing market as hedge funds exit, What Bill Ackman is investing in now[more]

    Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says From Business Insider: Credit Suisse on Thursday trimmed its overweight rating for tech stocks, recommending investors be more selective with their sector picks. Crowding in tech giants and the stocks&#

  2. Investing: Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan, Here's what investors with $3.4tn are buying during covid, An energy trader seeks profit from batteries in European markets, Hedge fund ARCM to sell $200m of Premier Oil debt[more]

    Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan Third Point LLC acquired new stakes in Facebook Inc. and Chinese e-commerce companies Alibaba Group Holding Ltd. and JD.com Inc. during the second quarter of 2020 as it divested positions in Sony Corp. and drugmaker

  3. PE/VC: Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise, Aberdeen's Bonaccord teams up with CAZ to buy stakes in private markets managers, The role of private equity in economic recovery from Covid-19[more]

    Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise From Institutional Investor: New research suggests private-equity-owned firms respond differently to financial distress - and that the resulting performance "cannot be replicat

  4. Opalesque TV: Meet a Swiss fund manager who hedges with a difference[more]

    B. G., Opalesque Geneva: There is a quant manager in Zurich that does things a little differently, which has helped a lot so far this year. ICON Asset Management, which was mentioned in the

  5. Franklin Templeton creates new unit with QS Investors[more]

    Laxman Pai, Opalesque Asia: Franklin Templeton will combine recently acquired QS Investors, a Legg Mason subsidiary, with Franklin Templeton Multiasset Solutions (FTMAS) business into a single consolidated unit. Effective Oct. 1, the combined business, called Franklin Templeton Investment Sol