image description

UVIMCO Board

DAVID B. MACFARLANE UVIMCO Board Chairman

Managing Director of Drake Capital Advisors LLC. Mr. MacFarlane has spent most of his career involved in identifying, researching and investing in a wide variety of hedge fund strategies and in constructing portfolios of such funds for institutional clients. In 2001, Mr. MacFarlane founded Drake Capital Advisors LLC to manage portfolios of hedge funds for a focused group of endowment, foundation, pension, and family office clients. Prior to that, he was President and Managing Director of Kemnay Services USA Inc., where he was responsible for managing a large global portfolio of hedge funds for a European family office.

Mr. MacFarlane has served on the boards of various offshore hedge funds and has been actively involved in board service and investment committee work for numerous non-profit institutions. He is a member of the Board of Trustees and Investment Committee of Brunswick School in Greenwich, Connecticut.

Mr. MacFarlane graduated with a B.S. in Commerce from the University of Virginia in 1984 and received his M.B.A. with distinction from Harvard Business School. Mr. MacFarlane received his Chartered Financial Analyst designation in 1990. He is married with three children and lives in Greenwich, Connecticut.

DAVID BURKE

David Burke is a Founder and Managing Director of Makena Capital Management. Prior to forming Makena in 2005, Dave was a Managing Director of the Stanford Management Company, overseeing the Stanford University endowment's investments in private equity and venture capital. Prior to joining the Stanford Management Company, Dave ran the private equity investment program for The Investment Fund for Foundations. During the 1990s, Dave was an international capital markets lawyer in London and Paris with Linklaters, and practiced law with Bingham McCutchen in San Francisco.

Dave has a B.S. in Commerce (Finance), Juris Doctor, and M.A. in Foreign Affairs from the University of Virginia and is a guest lecturer on venture capital and investment management topics at the Stanford University Graduate School of Business and Stanford Law School.

Dave currently serves on the advisory boards of 25 private equity and venture capital firms in the US and abroad, and is an observing board member of Laureate Education, Inc. Dave is a Trustee of the University of Virginia Law School Foundation and Sacred Heart Schools, Atherton, CA, the Investment Committee of the Virginia Law School Foundation endowment, the Stanford University Athletics Board, Stanford University DAPER Fund Investment Committee, Selection Committee of the Jefferson Scholars Foundation at the University of Virginia, and Alumni Council of the McIntire School of Commerce at the University of Virginia.

A. MACDONALD CAPUTO

Senior Advisor at Morgan Stanley (in New York City). Mac Caputo currently serves or has served as a member of the Board of Visitors, Chairman of the Board of Managers, the Capital Campaign Executive Committee, the Business Advisory Council of the Law School, the Jefferson Scholars Foundation National Advisory Board and has previously served on numerous other University boards and committees. Mac has been with Morgan Stanley in New York City for 40 years where he has had senior management responsibility for several of the Firm's large businesses and now serves as a Senior Advisor. Mac has served on boards of various Morgan Stanley affiliates, The Episcopal School of New York, Pace University, was Chairman of the Brunswick School Board of Trustees in Greenwich, Connecticut and a member of the Board of Trustees at Union Settlement in New York.

Mac is a 1963 graduate of the College where he was involved in numerous undergraduate activities and is also a 1966 graduate of the Law School. He and his wife, Ellen, live in Greenwich, Connecticut and have two sons: Mac (UVA 2002 College, UVA 2003 masters degree, UVA 2009 Law School) and Scott (UVA 2005 College).

PATRICK D. HOGAN

UVa Executive Vice President & Chief Operating Officer. Patrick D. Hogan was appointed Executive Vice President and Chief Operating Officer of the University in October 2012. He is responsible for setting financial policy and for overseeing the financial affairs of the University including its schools and the Medical Center. In addition, these key operational and administrative areas report to him: finance, human resources, management and budget, the architect for the University, corporate compliance, emergency preparedness, and police. Hogan serves on the Medical Center Operating Board and on the boards of the University of Virginia Investment Management Committee and the UVa Foundation.

Hogan previously served for 37 years with Ernst & Young, most recently as Deputy Global Managing Partner, based in London. In this capacity, Mr. Hogan was a member of the Ernst & Young senior global leadership team and oversaw the global Quality and Risk Management function for the professional services lines of Assurance, Advisory, Tax, and Transaction Advisory. During his career with Ernst & Young, Hogan also served as Deputy Global Vice Chair for the Asia/Pacific Assurance and Advisory Business Services operations, as Area Managing Partner for the Mid-Atlantic Area Assurance and Advisory Business Services practice, and as Health Sciences Industry Leader for the Mid-Atlantic Area.

He received a B.S. in Business Administration with an accounting concentration from Old Dominion University, where he graduated summa cum laude and was a member of Beta Alpha Psi. Hogan joined the McIntire School Advisory Board in 2000 and served as Vice Chair. He has been a regular guest lecturer at McIntire on topics including enterprise risk management. His other areas of expertise include health sciences, accounting, auditing, and leadership. Hogan is a member of the American Institute of CPAs and the Virginia Society of CPAs. He is married to Sharon Hogan, and they have one daughter.

ANTON J. LEVY

Managing Director at General Atlantic. Mr. Levy is a Managing Director at General Atlantic, a global growth equity firm, where he has worked since 1998. Mr. Levy works in General Atlantic's New York City office where he heads General Atlantic's Global Internet and Technology practice and serves on the firm's Executive Committee. Mr. Levy has worked closely with many of General Atlantic's portfolio companies and is a director of several portfolio companies including Affinion Group, AKQA, Gilt Groupe, Mercado Libre (NASDAQ: MELI), Network Solutions and Red Ventures and manages a number of the firm's other investments in the internet, marketing services and media areas. He formerly served on the boards of Dice Holdings (NYSE : DHX) and Zantaz Corporation.

Prior to joining General Atlantic, Mr. Levy was an investment banker with Morgan Stanley & Co. where he worked with the firm's technology clients.

Mr. Levy is involved in a number of educational and non-profit organizations including serving on the board of directors of WNYC (New York Public Radio), and Streetwise Partners, where he serves as Vice Chairman. Mr. Levy received a B.S. from the University of Virginia, with degrees in Finance and Computer Science, and his M.B.A. from Columbia University Graduate School of Business, graduating both with highest honors.

W. AUSTIN LIGON

Co-founder and retired chief executive officer of CarMax, Inc. He retired in June 2006. Mr. Ligon initially served as senior vice president, automotive for Circuit City and became president of CarMax in 1995. He led the company through its IPO as a tracking stock of Circuit City in 1997 and became chief executive officer upon the spin-off of CarMax from Circuit City in 2002. He also served as senior vice president of corporate planning for Circuit City from 1991 to 1995. Mr. Ligon came to Circuit City from Marriott Corporation where he had been senior vice president of strategic planning for Marriott Hotels and Resorts. He was previously a senior consultant for the Boston Consulting Group in London, England, from 1980 to 1983 and an independent financial consultant to several international companies in Bangkok, Thailand, from 1983 to 1984. Before attending Yale School of Management, he worked as a health economist in Dallas and San Antonio from 1976 to 1978, and was a Teaching Fellow in economics at the University of Texas, Austin from 1973 to 1976.

He has been a board member of the Center for Talented Youth (CTY) at Johns Hopkins University for the last seven years, as well as serving the Maggie L. Walker Governor’s School Renovation Foundation. He is also a board member of the Yale School of Management Advisory Board, the University of Virginia Board of Visitors, St. John’s College (Annapolis and Santa Fe) Board of Governors, and the Virginia Commonwealth University Business School Foundation.

Mr. Ligon earned a B.A. in 1973 with special honors (Economics and Government) in the Plan II Honors program at the University of Texas at Austin, where he was elected to Phi Beta Kappa. He also studied as an exchange student at the Pontifical Catholic University in Lima, Peru in 1972-73. He subsequently earned his M.A. in Economics in 1978 from the University of Texas, and an M.B.A. in 1980 from the Yale School of Management. He is married to Samornmitr Lamsam, a native of Thailand; they have three children.

RICHARD MAYO

Chairman of Mayo Capital Partners. After receiving his undergraduate degree from the University of Virginia, Mr. Mayo began his investment career with the First Union National Bank in Charlotte, N.C. He received his M.B.A. from the Darden Graduate School of Management at the University of Virginia. After graduation, he was a security analyst for the Keystone Custodian Growth Fund. In 1969 he helped found Batterymarch Financial Management, where he served as a portfolio manager. In 1977, Mr. Mayo was a Founding Partner of the investment firm Grantham, Mayo, Van Otterloo & Co. LLC (GMO), and he was with GMO until he founded Mayo Capital Partners in January of 2002. Mr. Mayo serves on the Board of the Children’s Hospital Trust in Boston and is also a member of its investment committee. He is also a member of the investment committee of the MacArthur Foundation.

DR. EDWARD D. MILLER

Former Chief Executive Officer of Johns Hopkins Medicine. As CEO, Miller was responsible for both the school and the health system and reported directly to the University President and the Chairman of the Board of Johns Hopkins Medicine.

Dr. Edward D. Miller received his B.A. from Ohio Wesleyan University and his M.D. from the University of Rochester School of Medicine and Dentistry. He was named Chief Executive Officer of Johns Hopkins Medicine, the 13th Dean of The Johns Hopkins University School of Medicine and Vice President for Medicine of Johns Hopkins University in January 1997. His appointment followed a year-long national search for the first-ever CEO of Johns Hopkins Medicine, a then-new organization that formally integrated operations and planning of the School of Medicine with the Johns Hopkins Health System and Hospital to ensure their continued preeminence in education, discovery, and patient care. An anesthesiologist who has authored or co-authored more than 150 scientific papers, abstracts and book chapters, Miller joined Johns Hopkins in 1994 as Professor and Director of the Department of Anesthesiology and Critical Care Medicine and was named Interim Dean of the School of Medicine in 1996. He came to Hopkins after eight years at Columbia University, where he served as Professor and Chairman of the Department of Anesthesiology. Prior to that, he spent 11 years at the University of Virginia.

Miller is a member of the Institute of Medicine of the National Academy of Sciences and is a fellow of the Royal College of Physicians and the Royal College of Anesthetists. He is also a member of the State of Maryland's Health Care Access and Cost Commission and serves on the boards of PNC Mutual Funds and CareFusion.

Dr. Miller was appointed as an Ex-Officio member to the Board of Visitors by Governor McDonnell in 2011 and was then reappointed as a voting Board Member by Governor McDonnell in 2012.

TIMOTHY B. ROBERTSON

Chairman of Bay Shore Enterprises, LLC. As Chairman of Bay Shore Enterprises, LLC, an investment holding company with activities in international media, real estate, and private capital ventures. He is also one of the founders and principle owners of Major League Lacrosse, which launched in 2001 to showcase the best outdoor lacrosse in the world. Timothy B. Robertson received a B.A. from the University of Virginia in 1977, an M.Div from Gordon-Conwell Theological Seminary of South Hamilton, MA in 1981, and completed the Executive Program in Business Administration at the Graduate School of Business, Columbia University in 1986.

Robertson previously served as President and CEO of International Family Entertainment (NYSE-FAM), which was best known for its flagship cable network, The Family Channel. While at IFE, Robertson oversaw the successful acquisition of Dorothy Hamill’s Ice Capades, and MTM Television, which included hits like The Mary Tyler Moore Show, St. Elsewhere, Remington Steele, and Evening Shade. He was also responsible for the launch of FitTV and versions of the Family channel in the UK, Latin America, and China. FAM was acquired by Fox Kids Worldwide in 1997 and was subsequently sold to Disney/ABC in 2000. A leader in the cable television industry, Mr. Robertson served four terms on the board of the NCTA.

Following the sale of FAM, Robertson has pursued various educational, charitable, and public service activities. He has served on the governing boards of several educational institutions including the University of Virginia, Regent University, which he chaired, Gordon-Conwell Theological Seminary, The King’s College and Seminary, and the Norfolk Academy. He also helped to found the College of Arts and Sciences Foundation at the University of Virginia. Other board appointments include the Virginia Marine Science Museum of Virginia Beach, VA, and the investment committee of the Norfolk Foundation. He recently served on the Council for Virginia’s Future, founded by Governor Mark Warner and previously served the Commonwealth of Virginia on the Governor’s Blue Ribbon Commission for Higher Education from 1998-2000. He is also a member of the Society of the Cincinnati.

Mr. Robertson was appointed to the Board of Visitors by Governor McDonnell in 2011.

OWEN D. THOMAS

Chief Executive Officer of Boston Properties. Owen D. Thomas joined Boston Properties as Chief Executive Officer and Director in April 2013. He was Chairman of Lehman Brothers Holdings from 2012 until March 2013 and continues to serve as a Director. Prior to Lehman Mr. Thomas was with Morgan Stanley for 24 years serving in a number of different roles, business units and locations, including Chief Executive Officer of Morgan Stanley Asia, President of Morgan Stanley Investment Management, Head of Morgan Stanley Real Estate and Chairman of Mitsubishi UFJ Morgan Stanley Securities. He also served on Morgan Stanley's Management Committee from 2005 until 2011.

Mr. Thomas is a Director of the University of Virginia Investment Management Company, a Director and Trustee of the Urban Land Institute, a Trustee of Woodberry Forest School, a member of the NAREIT Board of Governors and is a former Chairman of the Pension Real Estate Association. He received a B.S. in Mechanical Engineering from the University of Virginia and an M.B.A. from Harvard Business School. He is married with three children and lives in Bronxville, New York.

MERYL WITMER

General Partner, Eagle Capital Partners, L.P. Ms. Witmer is a general partner of Eagle Capital Partners, an investment partnership whose investment philosophy encompasses investing in strong businesses with great free cash flow characteristics, at a significant discount to their intrinsic value, with great management teams who intelligently allocate capital. Ms. Witmer began her investing career in 1985, working with value investors Michael Price and Max Heine at the Mutual Series Funds. In May of 1989 she co-founded Emerald Partners, L.P., a value oriented investment partnership. She joined Eagle Capital Partners in 2001 upon the retirement of her partner after a successful 11 years managing Emerald Partners. Meryl joined Dean Witter Realty in August of 1983 as a financial analyst.

Meryl graduated from the University of Virginia’s McIntire School of Commerce, with a concentration in finance, in 1983. Ms. Witmer is a member of the Board of Berkshire Hathaway Inc. She has been a member of the Barron’s Roundtable since 1999. She is married to Chuck Witmer (Darden ’83) and has two children.