UCLA Investment Company


The UCLA Investment Company Board of Directors and Officers of the Corporation comprise investment, finance and business professionals and University leadership committed to the advancement of UCLA. The volunteers of the board are appointed by The UCLA Foundation Board of Directors.

Members of the Board of Directors

David Nazarian, Chief Investment Officer, Nazarian Enterprises
Donnalisa Barnum, Senior Vice President and Portfolio Counselor, Capital World Investors​
Preston L. Johnson, President, Johnson Martin Advisors Inc.
Steven L. Klosterman '74, Chair, The UCLA Foundation; Regional Director, Halbert Hargrove
William E. (Bill) Mitchell, Founding Partner, Sequel Capital Management, LLC
Steven A. Olsen '77, Chair, UCLA Investment Company; Vice Chancellor and CFO, UCLA
Srinivas "Srini" Pulavarti, President and Chief Investment Officer, UCLA Investment Company
Drew Zager, Managing Director, Morgan Stanley


Officers of the Corporation

Steven A. Olsen '77, ​Chair, UCLA Investment Company; Vice Chancellor and CFO, UCLA

Srinivas "Srini" Pulavarti, President and Chief Investment Officer, UCLA Investment Company

Michael Marvelli, Corporate Secretary and Senior Investment Director, UCLA Investment Company

Dr. Pawan Chaturvedi, Vice President and Senior Investment Director, UCLA Investment Company

Lorver Lentejas, Vice President and Director of Investment Accounting and Operations, UCLA Investment Company

Julie Sina, Chief Financial Officer, UCLA Investment Company; Vice President-Finance/Chief Financial Officer and Treasurer, The UCLA Foundation; Associate Vice Chancellor Alumni Affairs, UCLA


Biographies

David Nazarian, Chief Investment Officer, Nazarian Enterprises . Mr. Nazarian serves on The UCLA Foundation Board of Directors and was honored with an election as a UCLA Foundation Governor in 2005. He previously served on The UCLA Foundation Investment and Investment Management Committees. Mr. Nazarian is the chief investment officer of Nazarian Enterprises, a family office concentrating in the fields of private equity, real estate and venture capital. Nazarian Enterprises’ Private Equity and Venture Capital Funds seek capital appreciation primarily through companies such as Smart Technology Ventures Funds I, II and III (which concentrated on the fields of wireless communications and broadband infrastructure) and Nimes Capital, LLC (a private equity fund that provides growth capital to development companies with an emphasis on clean technologies). Nazarian Enterprises investments focus on key industries that include aerospace, manufacturing and logistics companies, technology, hospitality and alternative energy, among others. Mr. Nazarian is active in the greater Los Angeles community through his involvement as a member of the Cedars -Sinai Investment Committee. He also serves on the Board of Governors for the Cedars-Sinai Medical Center. Mr. Nazarian and his wife, Angella, founded the Sinai Temple Youth Leadership Program. He received his MBA from the University of Southern California.

 

Donnalisa BarnumSenior Vice President and Portfolio Counselor, Capital World Investors .   Ms. Donnalisa Barnum serves as a Senior Vice President and Portfolio Counselor at Capital World Investors. Ms. Barnum also serves as a Portfolio Manager at Capital Research and Management Company. She serves as Portfolio Manager of American Funds - The Growth Fund of America Inc.; American Funds Insurance Series - Growth Fund; Met Investors Series Trust - American Funds Growth Portfolio and of John Hancock Variable Insurance Trust - American Growth Trust. Prior to joining Capital in 1986, she was a Financial Analyst at Morgan Stanley in New York. She serves as a Director of Embrace. Ms. Barnum is a member of the Board of Trustees of Saint John's Health Center Foundation in Santa Monica, California. She is also a member of the Humanities and Sciences Advisory Council at Stanford University. She holds a bachelor's degree in English with honors from Stanford University, a master's degree in English and Australian literature from Sydney University in Australia and an M.B.A. from the Anderson Graduate School of Management at the University of California, Los Angeles.

 

Preston L. Johnson, President, Johnson Martin Advisors Inc.  Mr. Johnson is the president and founder of Johnson Martin Advisors, Inc., a Beverly Hills-based investment management firm servicing high net worth clients. Prior to forming this firm in 1992, Mr. Johnson held various corporate positions in finance including vice-president of finance of KB Home (NYSE) in Los Angeles, managing director and CFO of The O’Connor Group in New York City (a real estate investment partnership) and senior vice president and CFO of Santa Fe International Corporation (a Los Angeles-based diversified energy company). He serves on the board of directors and investment committee for the California Community Foundation, acting as its chairman. Mr. Johnson graduated with an AB from Princeton University in 1972 and received his MBA from The University of Chicago in 1976 where he was honored with The Wall Street Journal Award for Excellence in Finance.

 

Steven L. KlostermanRegional Director, Halbert Halgrove.  Mr. Klosterman serves as chair of The UCLA Foundation Board of Directors and is a member of The UCLA Foundation Governors. A Foundation member since 1996, Mr. Klosterman chairs The UCLA Foundation Nominations Committee and chaired the Audit, Finance, Investment and Investment Management Committees. An investment counselor with Halbert Hargrove in San Diego, Mr. Klosterman serves as a fee only investment adviser primarily to affluent individuals and families and not-for-profits. Mr. Klosterman was integral to creating the Amy Klosterman Memorial Scholarship Fund (one of the UCLA Alumni Association’s largest scholarship funds), established by the San Diego Bruin Network. Mr. Klosterman is a primary donor to the fund, and due to his leadership, grew financial support with the help of numerous family members, friends and colleagues. Mr. Klosterman serves on the Investment Committees for the San Diego Foundation and the American Lung Association (National). He also serves as a consultant to the Investment Advisory Group (IAG) which advises the Regents Committee on Investments (COI). Mr. Klosterman graduated with honors with a bachelor's degree in political science from UCLA in 1974, and was an Honorable Mention All American and 2nd Team Academic All American football player. He earned his MBA from Stanford University in 1977 and previously served on the Stanford Business Fund Leadership Council and served as president of the Stanford Business School Alumni Association.

 

William E. (Bill) MitchellFounding Partner, Sequel Capital Management, LLC.  Mr. Mitchell is the Founding Partner of Sequel Capital Management, LLC, formed in January, 2010 to invest in technology related ventures. Prior to this, Mr. Mitchell joined Arrow Electronics, Inc. as President and Chief Executive Officer in February 2003, and was named to the additional position of Chairman of the Board in May 2006. Mr. Mitchell retired as Chairman of the Board and Chief Executive Officer of Arrow Electronics on January 1, 2010. Mr. Mitchell began his career in 1973 at Raychem Corporation, where he spent 20 years in various roles of increasing responsibility in finance, manufacturing operations, international operations, and worldwide sales and marketing. In 1993, he was named President and Chief Executive Officer of Nashua Corporation, a manufacturer of specialty products and services for print application needs. In 1995, he became Chairman, President and Chief Executive Officer of Sequel, Inc., then a privately held disk-drive repair and maintenance company. Prior to joining Arrow, Mr. Mitchell led the successful formation of Solectron Global Services, the global services arm of Solectron Corporation, now part of Flextronics International.  Mr. Mitchell holds a bachelor's degree in engineering from Princeton University where he graduated Magna Cum Laude, was a University Scholar and was elected to Phi Beta Kappa. He received his master's degree in engineering from the University of Michigan where he was named a National Science Foundation Fellow. He continues to be a member of the University of Michigan College of Engineering Advisory Council.  Currently, Mr. Mitchell serves on the Boards of Directors of Brown-Forman Corporation, Rogers Corporation, Humana Incorporated and National Semiconductor Corporation. He also serves on the Board of Trustees of Eisenhower Fellowships, The UCLA Foundation Board of Directors, and the Board of Trustees at the Menlo School in Atherton, California.  An active participant and supporter of the performing arts, Mr. Mitchell is a member of the Executive Board of the UCLA School of Theater, Film and Television and the Lincoln Center Corporate Fund's Leadership Committee. He is also a member of the Board of Directors of the Metropolitan Opera, New York.

 

Steven A. OlsenVice Chancellor and CFO, UCLA.  Mr. Olsen joined UCLA in 1999 and serves as the Vice Chancellor and CFO at UCLA. He serves on The UCLA Foundation Board of Directors. Prior to joining UCLA, Mr. Olsen served as chief deputy director of the California State Department of General Services, responsible for overall planning and daily operations of the state's real estate, procurement, telecommunications and school construction businesses. In 1991, Governor Pete Wilson appointed Mr. Olsen deputy director of the State Department of Finance. He also worked for 11 years in the California Legislature, eventually serving as chief fiscal advisor to the Senate Republican leader. Mr. Olsen graduated from UCLA summa cum laude in 1977 with degrees in Political Science and Economics and earned a master's degree in Public Policy from the University of California, Berkeley in 1979.

 

Srinivas "Srini" PulavartiPresident and Chief Investment Officer, UCLA Investment Company.  Mr. ​​Pulavarti, a veteran endowment and investment management executive, serves as president and chief investment officer of the UCLA Investment Company, which manages approximately $2 billion in assets for The UCLA Foundation. Selected after a global search, Mr. Pulavarti joined the UCLA Investment Company in August 2012. He is responsible for defining the strategic vision for management of the company’s portfolios while directing the company’s staff and overseeing more than 100 external investment managers. Previously, Mr.Pulavarti served as president and chief investment officer of Spider Management Company, which as of July 2012 managed $1.9 billion for the University of Richmond in Virginia and $1.1 billion for 23 other entities, for a total pool of approximately $3 billion. Under Mr. Pulavarti’s leadership, the Spider endowment was consistently ranked as one of the nation’s best-performing among universities. Among his previous positions, Mr. Pulavarti served as director of global investment strategy for Citigroup Pension Investments; director of investments for Johns Hopkins University; investment manager for Lockheed Martin Investment Management Company, and senior analyst of fixed income and sovereign debt for the Howard Hughes Medical Institute.

 

Drew J. ZagerManaging Director, Morgan Stanley  From 1991 to present. Mr. Zager has managed high grade, tax-exempt and taxable fixed income portfolios with a current market value in excess of $8 billion. From 1986 to 1991, he provided bond coverage to Morgan Stanley's middle market institutional clients. From 1981 to 1985, Mr. Zager was a senior tax consultant with Peat, Marwick and Mitchell. Mr. Zager is a Certified Public Accountant in the state of California and a graduate of California State University, Fullerton with a double BA in Finance and Accounting. Barron’s listed him in the top 100 Advisors in the country every year since 2004. Mr. Zager served on The UCLA Foundation Investment and Investment Management Committees. For the past 12 years, he has been on the board of trustees and the investment committee for the University of California,  Riverside. He chaired the Morgan Stanley Global Philanthropic Exchange in 2006 at the Guggenheim in NYC.

 

Michael Marvelli​​Senior Investment Director, UCLA Investment Company. Mr. Michael Marvelli has more than 20 years of experience in the investment and finance industry. In his eleventh year as a Director at UCLA, Mr. Marvelli has been involved in all aspects of managing The UCLA Foundation endowment, spanning investment policy, asset allocation, investment selection, performance analysis and risk management. Prior to joining UCLA, Mr. Marvelli held various positions with firms focused on Alternative asset classes. He worked at The Irvine Company, one of the largest privately-held real estate development and investment companies in the U.S. Previously, Mr. Marvelli was employed by Prudential Investment Management where he focused on commercial mortgage finance and distressed situations. Complementing his investment experience, Mr. Marvelli co-founded and operated a venture-backed startup where he served as CFO/COO and as a member of the board of directors. Mr. Marvelli graduated with a BS in Business Administration from the Haas School of Business at University of California, Berkeley and earned his MBA from the Kellogg Graduate School of Management.

 

Dr. Pawan Chaturvedi, Senior Investment Director, UCLA Investment Company. Dr. Chaturvedi joined the investment team in late 2012 and focuses on various aspects of portfolio management, strategy and investment due diligence.  He brings with him extensive experience in the investment management industry and a strong background in business development and technology. Having spent eight years as Partner and Executive Director at Altius Associates, a $22 Billion global private equity advisory and fund of funds firm, Dr. Chaturvedi acted as an advisor to the investment staff and Boards of Trustees of numerous institutions on their private equity programs. His investment experience spans all major geographies around the world. Prior to his service at Altius, Dr. Chaturvedi spent five years at Sprint Corporation, where he was a manager leading projects involving cross-functional teams of over 200 professionals developing a wide array of telecommunication technologies and products. His early professional experience was at the University of Kansas from 1995 to 2002, during which he served on the faculty of both the Engineering and Radiology departments. He is listed as an inventor on several US Patents in technologies related to telecommunications and medicine. Dr. Chaturvedi holds an MSc degree in Physics from the Indian Institute of Technology in New Delhi, a PhD in Electrical Engineering from the University of Kansas, and earned his MBA from The Wharton School of the University of Pennsylvania.

 

Lorver Lentejas, Director of Investment Accounting and Operations, UCLA Investment Company. Mr. Lentejas currently heads the UCLA Investment Company's accounting and operations team. Having served at The UCLA Foundation as Lead Accountant, Mr. Lentejas oversaw financial reporting, general fund budget, fund accounting, analysis, account reconciliation and internal controls for The UCLA Foundation.  Prior to joining the UCLA team, Mr. Lentejas had ten years of CPA experience, including the prior positions of Assistant Corporate Controller at Storm Industries and Audit Senior Associate at Ernst & Young and Grant Thornton. Mr. Lentejas received his BS in Accountancy from the University of the Philippines.

 

Julie Sina, Chief Financial Officer, UCLA Investment Company; Vice President-Finance/Chief Financial Officer and Treasurer, The UCLA Foundation; Associate Vice Chancellor Alumni Affairs.  Her 30-year career in higher education spans from student affairs and financial aid to personnel and information services to strategic board, budgeting and facilities management. Previously, Ms. Sina was the Chief of Staff for UCLA's College of Letters and Science and also served as the Chair of the UCLA Undergraduate Non-Resident Enrollment Task Force. Prior to UCLA, Ms. Sina served as University Vice President at the University of the Pacific where she managed the office of the President and served as Secretary of the Board of Regents.
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