Coe College

Coe College

Coe College manages its endowment from Cedar Rapids, Iowa, an institution founded in 1851 with a Presbyterian Church (USA) affiliation. President David Hayes leads the college; the investment committee includes Life Trustee Jack Evans — chairman of The Hall-Perrine Foundation and a Nuveen Mutual Funds board member — and Trustee Wale Adeosun, whose Kuramo Capital Management gives the committee direct institutional access to emerging-markets private equity. The endowment deploys capital through fund-of-funds structures spanning private equity and private credit. Confirmed geographic exposure centers on Africa, consistent with Adeosun's Kuramo platform, which specializes in African fund investments and co-investments. The investment office's broader asset-allocation framework is not publicly detailed, though the institution's 990-PF filings and relationship with The Hall-Perrine Foundation suggest an operating posture weighted toward commingled fund vehicles rather than direct co-investments or internal management. Asset classes beyond private equity and private credit are confirmed: none. Total endowment assets run in the $100M–$150M band (Altss estimate), placing Coe in the smaller half of the American Rivers Conference peer group. The investment office has not published a dedicated team roster; governance rests with the board's investment committee. Adjacent capital projects — including the David and Janice McInally Center for Health and Society — are funded through partnerships with The Hall-Perrine Foundation rather than endowment drawdowns, maintaining a structural separation between capital campaigns and the investable pool. President Hayes also represents Coe on the National Association of Independent Colleges and Universities' Committee on Tax Policy. Coe's structural differentiator is governance by a trustee committee whose external affiliations embed institutional investment relationships directly into fiduciary oversight — Evans through a major private foundation and mutual-fund board, Adeosun through a specialized Africa-focused fund-of-funds manager. This configuration creates a narrow, high-trust investment pipeline that favors fund commitments sourced through committee networks over open-architecture manager selection typically found at endowments of comparable size.