Makena Capital Management, LLC (Menlo Park)

Name: Makena Capital Management, LLC
Address: 2755 Sand Hill Road, Menlo Park, CA, 94025
Telephone: 650-926-0510

Makena Capital Management, LLC is a large advisory firm based in Menlo Park. It manages $19.33 billion of regulatory assets for 28 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California and Virginia.

Makena Capital Management provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Makena Capital Management: assets under management

The assets under management (AUM) of Makena Capital Management, LLC is $19.33 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 20% since the beginning of its operation, and $4.9 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $19.33 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $690.28 million each.

Makena Capital Management has custody of $15.32 billion in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Makena Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ng Kok Song serves?

The only and largest group of clients of Ng Kok Song is pooled investment vehicles with 28 clients and $19.33 billion of assets under management. Among the 12 most similar advisory firms, Makena Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $19.33 billion for 28 clients. 20% of the firm’s clients are foreign persons or businesses.

Makena Capital Management also advises several private funds. Namely, twenty eight hedge funds, three other private funds, and forty two private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $200,000,000.

Careers at Makena Capital Management, LLC

The company employs 76 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Ng Kok Song has been acting as President since 1 Jul 2009. Luke John Proskine joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Gerard Mccaffery	Managing member & chairman	1 Jan 2006	Other	847325
David Colin Burke	Managing member & chief executive officer	1 Jan 2006	Other	4576758
Susan Blake Meaney	Managing director	1 Feb 2006	Other	5909286
Llc Cougar Investment Holdings	Member	1 Mar 2006	Other	20-3919044
Kena Investment Corporation	Member	1 Mar 2006	Other	20-4488278
A California Limited Partnership Sutter Hill Ventures	Member	1 Mar 2006	Other	77-0287059
Llc Sutter Hill Associates	Member	1 Mar 2006	Other	77-0440210
Jeffery John Mora	Managing director	1 May 2006	Other	5909293
Jeffrey John Mora	Managing director/ managing member	1 May 2006	Other	5909293
William Russell Miller	Chief operating officer & managing director	1 Jul 2006	Other	5909268
James Castle Gaither	Vice-chairman & lead director	1 Jul 2006	Other	2711394
Allan Seymour Bufferd	Director	1 Jul 2006	Other	5499235
Robert Law Joss	Director	1 Jul 2006	Other	1507855
John Francis Powers	Director	1 Nov 2006	Other	2240745
John Peter Rohal	Managing director/ managing member	1 Jan 2007	Other	1161538
William John Kneisel	Director	1 Aug 2007	Other	842191
Eric Brian Upin	Managing director	1 Mar 2009	Other	2368805
Ng Kok Song	Director	1 Jul 2009	Other	5909392
Condoleezza (Nmn) Rice	Director	1 Jan 2010	Other	5909505
William Leon Mcgrath	Chief compliance officer, general counsel & managing director	1 Sep 2011	Other	5909533
Anne Bridget Storm	Chief financial officer & managing director	1 Jan 2012	Other	5909273
Luke John Proskine	Managing director	1 Jan 2012	Other	4212882
Christopher Maclean Heller	Managing director/ managing member	1 Jan 2012	Other	3093001
Ashley Brooke Marks	Managing director/ managing member	1 Jan 2012	Other	3096821
Agustin Marco Araya	Managing director/ managing member	1 Jan 2012	Other	6015955
Peter Francis Dolan	Managing director	1 Feb 2014	Other	1712089
Mike Tremmel	Managing director	1 Jan 2015	Other	5068518
William Patton Getty	Managing director	1 Jan 2015	Other	6436098
Brian Lee Rodde	Managing director	1 Jan 2015	Other	6436100
Joseph Paul Dekker	Managing director	1 Jan 2015	Other	6436110
Michel Attila Del Buono	Managing director	1 Jan 2015	Other	6436122
Richard Craig Blanchard	Managing director	1 Jan 2015	Other	6467334
Kevin Loren Clayton	Managing director & vice-chairman	1 Sep 2015	Other	2139873
William Joseph Burns	Director	1 Sep 2015	Other	6559445
Eric Wood Doppstadt	Director	1 Oct 2016	Other	6714462
Lara Dolan Banks	Managing director	1 Feb 2017	Other	6774076
Jackson Jacob Garton	Managing director	1 Feb 2017	Other	6774084
L.P. Mcm Investment Partners	Member	1 Aug 2017	25% - 50%	82-1905291
Lawrence Edward Kochard	Managing director & chief investment officer	1 Jan 2018	Other	1675853
Jeffrey Pichet Jaensubhakij	Director	1 Apr 2018	Other	7086700
Lara Dolan Banks	Managing director	1 Feb 2019	Other	6774076
Luke John Proskine	Managing director	1 Jun 2019	Other	4212882
Brian Lee Rodde	Managing director	1 Jun 2019	Other	6436100

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Golden Gate Capital Management Ii	General partner	1 May 2004	Other	83-0395110
David Caldwell Dominik	Manager/managing member	1 May 2004	Other	5909542
Paul Gardner Allen	Officer/ managing member	1 Dec 2005	75% - 100%	5338518
Lp Golden Gate Capital Investment Fund Ii	Shareholder	1 Mar 2006	75% - 100%	83-0395113
Llc Mcm Investors Manager	General partner	1 Aug 2017	Other	82-1880172
David Colin Burke	Sole member	1 Aug 2017	Other	4576758

Based in Menlo Park

The principal office where Makena Capital Management, LLC performs its advisory services is located at 2755 Sand Hill Road, Menlo Park, CA 94025, which is also the mailing address of the firm. An additional office of the firm is in Charlottesville, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 650-926-0510 or by fax 650-926-0513. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at makenacap.com/.