Yale taps 36-year-old Matthew Mendelsohn to run $31-bn endowment

Yale University named an alumnus and protege of late investment chief David Swensen to run the university’s $31 billion endowment and carry out the legendary money manager’s legacy.

Matthew Mendelsohn, 36, will head the second-largest private college endowment in the U.S. -- one that’s the envy of peers and institutional investors. He joined the fund after graduating from Yale in 2007 and most recently managed its venture capital assets, which make up more than 25% of the fund. Mendelsohn begins as chief investment officer on Sept. 1.

“In addition to being an exceptional institutional investor, Matt is widely recognized for his ability