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TO: Jeremy Hill
FROM: Candice J. Casto, Chief Finance & Investment Officer for Foundation Operations
DATE: February 22, 2017
RE: Investment Holdings
The Ohio University Foundation is pleased to provide retrospective disclosure of the Foundation’s
endowment portfolio investments upon request from interested constituents. These disclosures are
offered on a 60-day lag to align with due dates associated with Securities and Exchange Commission
(“SEC”) filing deadlines.
For a list of the endowment portfolio’s investment positions as of December 31, 2016, please see
the attached asset allocation report. This report provides the name of each investment fund, the
market value of the position, and the weight of each position relative to the portfolio’s total market
value. The report also provides subtotals by asset class and a grand total for the entire portfolio.
Please note that, in order to properly diversify the investment portfolio and gain access to the best
investment managers, the Foundation participates in many commingled investment vehicles rather
than making direct investments in individual securities. As a result, the asset allocation report
provides high level information about how the investments are managed, but it does not include
information about individual holdings within each investment fund.
Much of the Foundation’s investment portfolio is invested through the HC Capital Trust (the
‘‘Trust’’). The Trust is a diversified open-end management investment company that consists of
several separate investment funds (the ‘‘funds’’). The funds’ individual holdings are disclosed
quarterly and made available to the public through SEC filings. The most recent report provides
information as of September 30, 2016, and it was filed on November 29, 2016. The report is
available at http://www.secinfo.com/d14D5a.wnP5m.htm, and each fund’s individual holdings are
disclosed in the “Portfolios of Investments” section of the document.
Investment Fund Name Market Value % of Total
Fixed Income
Cash - Dreyfus Government Cash Management (DGCXX) 36,416,427.99$ 5.9%
HC Capital Trust - The US Corporate Fixed Income Securities Portfolio (HCXSX) 13,172,021.37 2.1%
HC Capital Trust - The US Government Fixed Income Securities Portfolio (HCUSX) 11,357,271.77 1.8%
HC Capital Trust - The US Mortgage/Asset Backed Fixed Income Securities Portfolio (HCASX) 10,369,435.32 1.7%
HC Capital Trust - The Fixed Income Opportunity Portfolio (HCHYX) 20,466,656.99 3.3%
HC Capital Trust - The Inflation Protected Securities Portfolio (HCPBX) 20,970,523.77 3.4%
Subtotal - Fixed Income 112,752,337.21 18.2%
Domestic Equity
HC Capital Trust - The Institutional Small Capitalization - Mid Capitalization Equity Portfolio (HCSCX) 15,684,827.98 2.5%
Vanguard S&P 500 ETF (VOO) 118,798,477.68 19.2%
Subtotal - Domestic Equity 134,483,305.66 21.7%
International Equity
HC Capital Trust - The Institutional International Equity Portfolio (HCINX) 141,514,621.17 22.8%
Aberdeen Emerging Markets Equity Fund 15,376,541.70 2.5%
HC Capital Trust - The Emerging Markets Portfolio (HCEMX) 43,028,916.15 6.9%
Subtotal - International Equity 199,920,079.02 32.2%
Hedge Funds
Arden Alternative Advisers SPC USD Series A Tranche 1 28,159,471.53 4.5%
Beach Point Total Return Offshore Fund II Ltd. 30,705,972.54 5.0%
Federal Street Associates Offshore Fund, Ltd. Class S 321,002.79 0.1%
HC Total Return Offshore Fund II Ltd 30,588,068.05 4.9%
LibertyView Plus Fund, Ltd. Class B 2,244,274.10 0.3%
Subtotal - Hedge Funds 92,018,789.01 14.8%
Commodities
HC Capital Trust - The Commodity Related Securities Portfolio (HCCSX) 25,194,999.71 4.2%
Wellington Trust Company, NA CTF Diversified Inflation Hedges Portfolio 5,197,966.48 0.8%
Subtotal - Commodities 30,392,966.19 5.0%
Real Estate Investment Trusts
HC Capital Trust - The Real Estate Securities Portfolio (HCREX) 7,129,351.41 1.1%
Subtotal - Real Estate Investment Trusts 7,129,351.41 1.1%
Special Opportunities
Hirtle Callaghan Special Opportunities SPC Closed-End 1 6,711,462.91 1.1%
Hirtle Callaghan Special Opportunities SPC Closed-End 2 4,264,125.76 0.7%
Subtotal - Special Opportunities 10,975,588.67 1.8%
Private Equity
Altus Capital Partners I, L.P. 194,282.00 0.0%
Athenian Venture Partners I L.P. 243,958.00 0.0%
Athenian Venture Partners II L.P. 1,227,042.00 0.2%
Athenian Venture Partners III L.P. 1,137,730.00 0.2%
CRM 2000 Enterprise Fund IV, LLC 184,301.00 0.0%
Highstar Capital Fund III, L.P. 2,472,470.00 0.4%
Hirtle Callaghan Private Equity Offshore Fund VIII Ltd. 4,254,696.07 0.7%
Hirtle Callaghan Private Equity Offshore Fund IX Ltd. 9,353,023.79 1.6%
Hirtle Callaghan Private Equity Offshore Fund X Ltd. 3,835,560.11 0.6%
Kirtland Capital Partners IV L.P. 580,477.00 0.1%
Lexington LCP VI-A Offshore, L.P. 1,206,008.00 0.2%
Lighthouse Capital Partners VI, L.P. 412,583.39 0.1%
Mesirow Financial Private Equity Partnership Fund IV, L.P. 1,625,841.00 0.3%
OCM Real Estate Opportunities Fund III, L.P. 61,344.00 0.0%
Oaktree Real Estate Opportunities Fund IV, L.P. 1,368,842.40 0.2%
Ohio Innovation Fund, LLC 1,911,913.58 0.3%
Paul Capital Healthcare III-A, L.P. 148,514.98 0.0%
Pearlmark Mezzanine Realty Partners III, L.L.C. 762,919.00 0.1%
PineBridge Private Equity Portfolio II, L.P. 394,752.00 0.1%
Siguler Guff Distressed Opportunities Fund II, LP 291,008.03 0.0%
Siguler Guff Distressed Opportunities Fund III, LP 798,809.42 0.1%
Subtotal - Private Equity 32,466,075.77 5.2%
TOTAL PORTFOLIO 620,138,492.94$ 100.0%
OHIO UNIVERSITY AND THE OHIO UNIVERSITY FOUNDATION
LONG-TERM INVESTMENT PORTFOLIO - ASSET ALLOCATION AS OF DECEMBER 31, 2016

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Ohio University Investment Disclosure

  • 1. TO: Jeremy Hill FROM: Candice J. Casto, Chief Finance & Investment Officer for Foundation Operations DATE: February 22, 2017 RE: Investment Holdings The Ohio University Foundation is pleased to provide retrospective disclosure of the Foundation’s endowment portfolio investments upon request from interested constituents. These disclosures are offered on a 60-day lag to align with due dates associated with Securities and Exchange Commission (“SEC”) filing deadlines. For a list of the endowment portfolio’s investment positions as of December 31, 2016, please see the attached asset allocation report. This report provides the name of each investment fund, the market value of the position, and the weight of each position relative to the portfolio’s total market value. The report also provides subtotals by asset class and a grand total for the entire portfolio. Please note that, in order to properly diversify the investment portfolio and gain access to the best investment managers, the Foundation participates in many commingled investment vehicles rather than making direct investments in individual securities. As a result, the asset allocation report provides high level information about how the investments are managed, but it does not include information about individual holdings within each investment fund. Much of the Foundation’s investment portfolio is invested through the HC Capital Trust (the ‘‘Trust’’). The Trust is a diversified open-end management investment company that consists of several separate investment funds (the ‘‘funds’’). The funds’ individual holdings are disclosed quarterly and made available to the public through SEC filings. The most recent report provides information as of September 30, 2016, and it was filed on November 29, 2016. The report is available at http://www.secinfo.com/d14D5a.wnP5m.htm, and each fund’s individual holdings are disclosed in the “Portfolios of Investments” section of the document.
  • 2. Investment Fund Name Market Value % of Total Fixed Income Cash - Dreyfus Government Cash Management (DGCXX) 36,416,427.99$ 5.9% HC Capital Trust - The US Corporate Fixed Income Securities Portfolio (HCXSX) 13,172,021.37 2.1% HC Capital Trust - The US Government Fixed Income Securities Portfolio (HCUSX) 11,357,271.77 1.8% HC Capital Trust - The US Mortgage/Asset Backed Fixed Income Securities Portfolio (HCASX) 10,369,435.32 1.7% HC Capital Trust - The Fixed Income Opportunity Portfolio (HCHYX) 20,466,656.99 3.3% HC Capital Trust - The Inflation Protected Securities Portfolio (HCPBX) 20,970,523.77 3.4% Subtotal - Fixed Income 112,752,337.21 18.2% Domestic Equity HC Capital Trust - The Institutional Small Capitalization - Mid Capitalization Equity Portfolio (HCSCX) 15,684,827.98 2.5% Vanguard S&P 500 ETF (VOO) 118,798,477.68 19.2% Subtotal - Domestic Equity 134,483,305.66 21.7% International Equity HC Capital Trust - The Institutional International Equity Portfolio (HCINX) 141,514,621.17 22.8% Aberdeen Emerging Markets Equity Fund 15,376,541.70 2.5% HC Capital Trust - The Emerging Markets Portfolio (HCEMX) 43,028,916.15 6.9% Subtotal - International Equity 199,920,079.02 32.2% Hedge Funds Arden Alternative Advisers SPC USD Series A Tranche 1 28,159,471.53 4.5% Beach Point Total Return Offshore Fund II Ltd. 30,705,972.54 5.0% Federal Street Associates Offshore Fund, Ltd. Class S 321,002.79 0.1% HC Total Return Offshore Fund II Ltd 30,588,068.05 4.9% LibertyView Plus Fund, Ltd. Class B 2,244,274.10 0.3% Subtotal - Hedge Funds 92,018,789.01 14.8% Commodities HC Capital Trust - The Commodity Related Securities Portfolio (HCCSX) 25,194,999.71 4.2% Wellington Trust Company, NA CTF Diversified Inflation Hedges Portfolio 5,197,966.48 0.8% Subtotal - Commodities 30,392,966.19 5.0% Real Estate Investment Trusts HC Capital Trust - The Real Estate Securities Portfolio (HCREX) 7,129,351.41 1.1% Subtotal - Real Estate Investment Trusts 7,129,351.41 1.1% Special Opportunities Hirtle Callaghan Special Opportunities SPC Closed-End 1 6,711,462.91 1.1% Hirtle Callaghan Special Opportunities SPC Closed-End 2 4,264,125.76 0.7% Subtotal - Special Opportunities 10,975,588.67 1.8% Private Equity Altus Capital Partners I, L.P. 194,282.00 0.0% Athenian Venture Partners I L.P. 243,958.00 0.0% Athenian Venture Partners II L.P. 1,227,042.00 0.2% Athenian Venture Partners III L.P. 1,137,730.00 0.2% CRM 2000 Enterprise Fund IV, LLC 184,301.00 0.0% Highstar Capital Fund III, L.P. 2,472,470.00 0.4% Hirtle Callaghan Private Equity Offshore Fund VIII Ltd. 4,254,696.07 0.7% Hirtle Callaghan Private Equity Offshore Fund IX Ltd. 9,353,023.79 1.6% Hirtle Callaghan Private Equity Offshore Fund X Ltd. 3,835,560.11 0.6% Kirtland Capital Partners IV L.P. 580,477.00 0.1% Lexington LCP VI-A Offshore, L.P. 1,206,008.00 0.2% Lighthouse Capital Partners VI, L.P. 412,583.39 0.1% Mesirow Financial Private Equity Partnership Fund IV, L.P. 1,625,841.00 0.3% OCM Real Estate Opportunities Fund III, L.P. 61,344.00 0.0% Oaktree Real Estate Opportunities Fund IV, L.P. 1,368,842.40 0.2% Ohio Innovation Fund, LLC 1,911,913.58 0.3% Paul Capital Healthcare III-A, L.P. 148,514.98 0.0% Pearlmark Mezzanine Realty Partners III, L.L.C. 762,919.00 0.1% PineBridge Private Equity Portfolio II, L.P. 394,752.00 0.1% Siguler Guff Distressed Opportunities Fund II, LP 291,008.03 0.0% Siguler Guff Distressed Opportunities Fund III, LP 798,809.42 0.1% Subtotal - Private Equity 32,466,075.77 5.2% TOTAL PORTFOLIO 620,138,492.94$ 100.0% OHIO UNIVERSITY AND THE OHIO UNIVERSITY FOUNDATION LONG-TERM INVESTMENT PORTFOLIO - ASSET ALLOCATION AS OF DECEMBER 31, 2016