The Ohio State University has hired a new chief investment officer to manage its $4.9 billion endowment.
Vishnu Srinivasan, who had most recently been working as managing director at Pritzker Family Foundations, will start in the role on Monday, the university said.
The investment office’s outgoing CIO, John C. Lane, is retiring on June 12, according to Ohio State’s May 1 statement.
Lane had served as CIO since 2014, the university said. Previously, Lane was the chief investment officer for the Ohio Public Employee Retirement System for over four years, according to Ohio State’s website. Before joining OPERS, Lane served as global director of investments at the Eastman Kodak Company and was chief investment officer for the Pennsylvania Public School Employees’ Retirement System, the site shows.
Srinivasan, his successor, started working for the Pritzker Family Foundations in 2012, his LinkedIn profile shows. While there, he led investments in long-only equities, private equity, and hedge funds, according to the Ohio State announcement.
Srinivasan previously worked as an analyst at Goldman, Sachs & Co. and as a principal at Berkshire Partners, the school said.
“We are fortunate to have attracted Vish to Ohio State,” Mike Papadakis, senior vice president and chief financial officer, said in a statement. “He is a forward-thinking investor with an outstanding reputation and proven track record of success, which is essential for this important role in managing a large, complex institutional portfolio.”
The search for the new CIO was led by David Barrett Partners.
“Given AUM size of [about] $5 billion and the stature of the institution, it was a highly sought after role and a very competitive process where Vish’s breadth of investment experience across direct private and public market investing, and most recently, a sophisticated allocator platform, combined with his leadership and communication skills, won the day,” executive recruiter David Barrett said via email.
A spokesperson for The Ohio State University did not return an email seeking further comment Thursday.