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 A. Ackert ’77, JD/MBA ’82, Managing Member, Crystal Lake Capital
David Nazarian, Chief Investment Officer, Nazarian Enterprises
Donnalisa Barnum, MBA ’86, Retired Partner and Portfolio Manager, Capital World Investors
Drew Zager, Managing Director, Morgan Stanley
Preston L. Johnson, President, Johnson Martin Advisors Inc.
Shirley Wang ’90, Chair, The UCLA Foundation; Founder and CEO, Plastpro Inc.
Steven A. Olsen ’77, Chair, UCLA Investment Company; Vice Chancellor and CFO, UCLA
Steven L. Klosterman ’74, Regional Director, Halbert Hargrove
Srinivas “Srini” Pulavarti, President and Chief Investment Officer, UCLA Investment Company
William E. Simon Jr., Co-Chair/Co-Founder William E. Simon & Sons, LLC


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
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



David A. Ackert, Managing Member, Crystal Lake Capital. Mr. Ackert joined The Foundation Board of Directors in 2016. At UCLA, he is a founding member of The Laurence and Lori Fink Center for Finance & Investments Board. Since 2010, David has been the Managing Member of Crystal Lake Capital and was previously an Operating Director at Paine + Partners. From 1994 until 2007 he was an executive vice president at AIG Financial Products Corporation, where he served as head of corporate marketing for North America and global head of the transaction development group and the energy practice. From 1986 until 1994 he was a VP in the capital markets department at Goldman, Sachs & Co. From 1983 to 1986 he was an associate at Sullivan & Cromwell, a New York City law firm. Mr. Ackert earned his B.A. (summa cum laude, Phi Beta Kappa), MBA and J.D. (Law Review, Moot Court Honors) degrees from UCLA. He also attended Hong Kong University as a Rotary Foundation Fellow. He serves as Treasurer for the Archaeological Institute of America, is a founding member of the Harvard University National Advisory Board for Public Service and is also a founding and current board member of Off Broadway Angels. Mr. Ackert and his wife, Charlotte, have one son, Nicholas.

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 Parks Barnum, Retired Partner and Portfolio Manager, Capital World Investors .   Ms. Donnalisa Barnum is a Retired Partner and Portfolio Manager at Capital World Investors, part of the Capital Group Companies. Prior to joining Capital in 1986, she was a Financial Analyst (1981-1984) at Morgan Stanley in New York. Ms. Barnum is a member of the Board of Trustees of Saint John’s Health Center Foundation in Santa Monica, California, and a Board Member of Embrace, a non-profit dedicated to saving premature babies using technology in India and Asia. She also served on the Humanities and Sciences Advisory Council at Stanford University and is currently a board nember of the Stanford Alumni Association. Ms. Barnum is co-chair of the $300 million UCLA Anderson Centennial Campaign and is a member of the UCLA Anderson Board of Visitors. 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 (Rotary Graduate Scholarship), and an M.B.A. from the Anderson Graduate School of Management at the University of California, Los Angeles.

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 14 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.

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.

Shirley WangFounder and CEO, Plastpro Inc.  Mrs. Shirley Wang is the Chair of The UCLA Foundation and currently serves on the Executive Committee for the Centennial Campaign for UCLA. Together with her husband Walter, she has endowed a chair in the UCLA Asian American Studies Center for a national program focused on US-China relations. Through UCLA and the China Institute, Mrs. Wang additionally endows teacher trips to China to enhance instructor understanding of its history. She also recently endowed $1 million in scholarships and study abroad for UCLA students. Mrs. Wang is founder and chief executive officer of Plastpro Inc., a leading millwork products importer, manufacturer and distributor, with revenues of over $100 million headquartered in Los Angeles. Through the Walter and Shirley Wang Foundation, Mrs. and Mr. Wang were the first and major sponsors of the Emmy-nominated PBS documentary Becoming American: The Chinese Experience by Bill Moyers. They gave the initial funding for the China AIDS documentary The Blood of Yingzhou District, which won the 2007 Academy Award for short documentary. They also supported The Warriors of Qiugang, which was nominated for the 2010 Academy Award and resulted in the Chinese government’s committing $30 million to clean up the toxic waste around the waterway where the film was set. They also lead supporters of the public service announcements for anti-smoking and AIDS prevention initiatives in China. Mrs. Wang sits on the Board of Trustees at Harvard Westlake while also serving as the Chair of their Education Committtee. The Wangs recently financed the $5 million renovation of Harvard Westlake’s humanities buildings which became Wang Hall upon completion in August 2015. Additionally in 2003, the Wangs funded an endowed chair at Cedars Sinai Medical Center for Pediatric Surgery to further research in pediatric surgery and help underprivileged children in need of surgery.  The Wangs also annually sponsor six pro-bono lawyers through the Asian Pacific American Legal Center (APALC) to help domestic violence victims. In taking an active role in building a better Los Angeles. Mrs. Wang and her husband have also shown their support of the Drug Enforcement Agency Foundation by bringing the DEA Museum to the California Science Center in Los Angeles. In 2011, Mrs. Wang received the Ellis Island Medal of Honor in 2011. Through Plastpro, Mrs. Wang actively supports Habitat for Humanity’s efforts and has provided fiberglass doors for the construction of 100 homes. Plastpro Inc. has also donated three technology labs to the public schools of Ashtabula County, Ohio. Other charitable foundations supported by Mrs. Wang are Doctors Without Borders, the St. Paul and St. Andrew Methodist Church and Redeemers’ Presbyterian Church in New York City, the 101 Christian Church in Taiwan, and Bel Air Presbyterian Church in Los Angeles. She earned a MBA from Columbia University and received her bacherlor’s degree in communications from UCLA.

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.

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.

Srinivas “Srini” Pulavarti, President and Chief Investment Officer, UCLA Investment Company.  Mr. Pulavarti serves as President and Chief Investment Officer of the UCLA Investment Company, which manages the endowment assets of UCLA.  Previously, Mr. Pulavarti served as President and Chief Investment Officer of Spider Management Company, which managed the endowment assets of the University of Richmond and 23 other entities.  Among his previous positions, Mr. Pulavarti served as the Head of Global Investment Strategy for Citigroup Pension Investments; Director of Investments for Johns Hopkins University; Portfolio Manager for Lockheed Martin Investment Management Company, and Senior Analyst of Fixed Income and Sovereign Debt for the Howard Hughes Medical Institute.

William “Bill” E. Simon Jr., Co-Chair/Co-Founder, William E. Simon & Sons, LLC. Mr. Simon is Adjunct Assistant Professor at both the UCLA School of Law, as well as the Undergraduate Department of Economics in the UCLA College of Letters and Sciences.  At the Luskin School of Public Affairs, he serves on the Centennial Campaign Committee, is a Dean’s Associate, and previously was a Senior Fellow. He also serves on the Ronald Reagan UCLA Medical Center Board of Advisors. His wife Cindy served on the board of the Tarjan Center at UCLA – a university center for excellence in developmental disabilities, education research and service. In 2009, wife Cindy was honored by the Early Childhood Partial Hospitalization Program (ECPHP) for her advocacy work for children with special needs. Bill and Cindy established the Sound Body Sound Mind Foundation, which provides state-of-the-art athletic equipment, curriculum and training for Los Angeles area middle and high schools. The program now impacts more than 100,000 students per year. In 2015, the Sound Body Sound Mind Foundation established a partnership with the UCLA Health System. Now known as UCLA Health Sound Body Sound Mind, the joint organization replicates the original program model of the Sound Body Sound Mind Foundation while taking advantage of UCLA Health’s prestigious network of experts and individuals working in the Los Angeles community.

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.