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The Wallace Foundation Names Thomas P. Lenehan As Investment Chief

Thomas P. Lenehan has been named Chief Investment Officer at The Wallace Foundation, a New York City-based independent, national philanthropy. Lenehan assumes his post effective Jan. 4, 2021; he is succeeding Rob D. Nagel, who will retire at the beginning of next year.

As Chief Investment Officer, Lenehan will lead Wallace's investment strategy and manager selection for its endowment which stands at $1.63 billion as of Sept. 30, and will work with the Investment Committee of the Foundation's Board of Directors.

"Tom is a superb, forward-thinking strategist, sensitive to changing external conditions, and a strong believer in the interdisciplinary thinking that is the hallmark of Wallace's approach," said Will Miller, President of Wallace. "In these turbulent times, he will help us generate the income we need to continue our mission of advancing equity and improvements in learning and enrichment for young people and in the non-profit arts for everyone."

Lenehan will remain in his current position as Deputy Chief Investment Officer at The Rockefeller University through the end of 2020. At Rockefeller, which he joined in 2011, Lenehan contributed to investment strategy and policy, asset allocation, portfolio construction, reporting, risk management, cash planning, liquidity and manager selection for the institution's $2.4 billion endowment, including managing equities, fixed income, marketable alternatives, private equity, venture capital and real assets on a global basis.

"While I am truly sad to be moving on from The Rockefeller University, I am thrilled to be joining the team at The Wallace Foundation to support its important mission," said Lenehan. "I look forward to implementing many of the valuable lessons I learned over my 9 years at Rockefeller in my new role at Wallace."

"All of us at Rockefeller are grateful to Tom for his superior partnership in the success of our Investment Office over the past decade and delighted that he will bring his strong investment acumen and team building skills to another important institution and mission," said Amy Falls, Chief Investment Officer at Rockefeller.

Prior to serving at Rockefeller, Lenehan held leadership positions at Commonfund Capital in Wilton, CT, initially as an Associate Director in 2005-2006 and as Director from 2006- 2011, helping manage $12.1 billion in private equity, venture capital and natural resources commitments globally on behalf of various institutional non-profit clients. Before that, he was a Vice President at Vista Equity Partners in San Francisco from 2001-2005; a Principal at Financial Technology Ventures in San Francisco, and a Senior Associate at MMC Capital in Greenwich, CT. He was also a Summer Associate at McKinsey & Co., and began his career as a Financial Analyst at Goldman, Sachs & Co., from 1992-1995.

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