DM
LP profile
Duke Management Company
Venture Capital · Founded 1989 · Durham, United States
24
VC firms backed
$12B
AUM
01 · Background
Who Duke Management Company is.
- Historical Background
- Duke University's Board of Trustees established the Duke Management Company (DUMAC) in 1989 as a non-profit entity to oversee the university's investments. The organization officially commenced operations in July 1990, led by its founding President and Chief Investment Officer, Eugene J. McDonald.
- Source of Capital
- DUMAC's primary source of capital is Duke University's endowment, which pools the university's individual funds into a Long Term Pool (LTP). The firm also manages capital for the university's defined benefit pension plan and the Duke University Health System's investments.
- Major Events
- The organization was reorganized from its original structure as Duke Management Company to its current form, DUMAC, Inc.
- Allocation Strategy
- DUMAC allocates capital across a diverse range of asset classes, including public equity, fixed income, and hedge funds. The firm's investment mandate includes domestic, international, and emerging markets. DUMAC collaborates with hundreds of external investment advisory firms and partnerships to execute its investment strategy.
02 · Fund commitments
The funds Duke Management Company backs.
Duke Management Company is a limited partner in 24 funds. 10 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Sequoia Capital
#2 Power Law
Kleiner Perkins
#18 Power Law
Redpoint
#42 Power Law
Greylock Partners
#46 Power Law
Matrix Partners
#58 Power Law
IVP
#84 Power Law
Mayfield
#134 Power Law
Qiming Venture Partners
#144 Power Law
Sierra Ventures
#254 Power Law
Altos Ventures
#350 Power Law
Advent International
Aurora Funds
Crosspoint Venture Partners
03 · Allocation
How Duke Management Company’s fund book is spread.
The 24 funds Duke Management Company backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 2396%
- Rest of world 14%
United States 23 · Hong Kong 1
How established those managers are
Managers grouped by how many funds they have raised — across the 12 of 24 with a fund history on record.
Emerging funds · 2
Established funds · 10
2
1
2
3
4
1
5-6
3
7-9
4
10-14
2
15+
Funds raised by the manager
04 · Direct investments
The companies Duke Management Company backs directly.
Duke Management Company holds 2 companies directly, separate from the funds it commits to as a limited partner.
NewLimit
$3.1B valuation
Unicorn
Baebies
$150M valuation
05 · Other LPs
Other LPs.
Other LPs in the Power Law LP ranking, closest to Duke Management Company by combined power-law score — North America first, then the nearest worldwide.
🇺🇸
Zero Gap Fund
$30M AUM
49 VC funds backed
🇨🇳
Haocheng
$2.0B AUM
38 VC funds backed
🇺🇸
Metlife Investors USA Insurance
16 VC funds backed
🇺🇸
International Finance Corporation
$72B AUM
143 VC funds backed
🇺🇸
Memorial Sloan Kettering
$1.4B AUM
28 VC funds backed
🇺🇸
Sequoia
$88B AUM
23 VC funds backed
🇨🇳
Gopher Asset Management
54 VC funds backed
🇺🇸
Texas Permanent School Fund
$50B AUM
51 VC funds backed