Roger Vincent — likely Cornell University’s longest-serving investment officer ever — left the endowment yesterday after 12 years, he confirmed to me today. He’s departing to start his own private equity allocation firm Summation Capital.
Vincent served as a steady senior leader through the Ivy League office’s turnaround from a place “that eats CIOs alive” (per a source, not Vincent) into a top quartile and highly functional member of the Ivy-plus. He also oversaw a top-notch private equity program as senior investment officer.
“Roger has been an integral part of the team over my tenure,” Cornell CIO Ken Miranda, who joined in 2016, told me today. “His professionalism, deep thinking, and desire to achieve has produced outstanding results for Cornell on a very important and large part of our portfolio. The returns on the private equity portfolio have been world class. Roger is a team player and has been a mentor to many staff members. I am certain his new endeavor will be top notch. Roger’s drive for results has helped pull up Cornell’s performance in both absolute and relative returns over my tenure — and he has been an integral part of the turnaround I envisaged when I joined Cornell.”
Cornell may run a search for Vincent’s replacement, but the succession process hasn’t been decided yet, Miranda said. Stay tuned — I’ll let you know. “Cornell will miss an outstanding investor — but wishes Roger all the success in the world,” the CIO said.
Congratulations to Vincent, and Happy Friday, Allocators.
—L
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