Rockefeller Brothers Fund Engages Investure, LLC to Manage Assets

NEW YORK, NY (November 8, 2007) - The Rockefeller Brothers Fund (RBF) announced today that it has engaged Investure, LLC to serve as the Fund's outsourced investment office. As part of the agreement, Investure will work with the RBF's investment committee in further developing investment objectives and guidelines and determining asset allocations.  The Fund's investment portfolio was $969 million as of September 30, 2007.

"With assets nearing a billion, the endowment has reached a size and complexity where an investment firm is needed to help us continue to make the wisest investments," said RBF President Stephen B. Heintz.  "Investure's history of providing non-profit organizations with comprehensive investment services made it an ideal choice for the RBF."

"We are very pleased that Rockefeller Brothers Fund has joined the Investure consortium. We support their mission and look forward to a long relationship," said Alice W. Handy, Investure Founder and President.

John D. Rockefeller, Jr. established the Rockefeller Brothers Fund's endowment in 1952 with a gift of $57.7 million.  He made a $75 million testamentary gift after his death in 1960.  In 2006, his son David Rockefeller, one of the RBF's founders and advisory trustee, made a $225 million bequest to the RBF endowment to create the David Rockefeller Global Development Fund. 

For more information, contact:

Gail L. Fuller, 212-812-4242 or gfuller@rbf.org

 

About the Rockefeller Brothers Fund

Founded in 1940, the Rockefeller Brothers Fund encourages social change that contributes to a more just, sustainable, and peaceful world.  The RBF's grantmaking is organized around four themes:  Democratic Practice, Sustainable Development, Peace and Security, and Human Advancement and four pivotal places:  New York City, South Africa, Western Balkans, and Southern China.  On October 12, 2006, the RBF trustees approved a new cross-programmatic grantmaking initiative on energy.

About Investure

Investure was founded in 2003 to bring the broad investment capabilities of a larger investment office to mid-sized endowment and foundation clients.  The investment firm currently manages approximately $6 billion for a select group of clients.  Investure is registered with the Securities and Exchange Commission as an investment advisor.