Investure

Investure was founded by Alice Handy, who served as Treasurer of Virginia before launching the firm in 2003. She built the investment team and office with a focus on serving a concentrated group of non-profit institutions. The firm's investment committee operates under her leadership and a senior team that sources and monitors external fund managers across all asset classes.

Investure relies on long-standing relationships with general partners, developed over two decades of institutional fund commitments. Because the firm pools assets from multiple endowments, it enters negotiations as a scaled institutional limited partner, not a collection of small accounts. This aggregation unlocks capacity in oversubscribed venture capital, private equity, and hedge fund vehicles that would otherwise exclude smaller non-profit investors.

Investure is a registered investment adviser that manages a proprietary co-mingled investment vehicle for its clients. Client assets are pooled into a single entity managed by Investure, rather than held in separate advisory accounts. This structure is the firm's signature feature — it combines the legal separation of client capital with the negotiating leverage of a single, sizable institutional pool.

Investure's strategy is built on fund commitments across venture capital, private equity, natural resources, and hedge funds. The firm is a fund-of-funds allocator and does not typically engage in direct company co-investments. Its value proposition is manager selection and access, not direct deal underwriting, which keeps the Charlottesville-based team lean and focused on external partnerships.

Investure exclusively serves non-profit institutions, specifically mid-sized endowments and private foundations. Known clients include Smith College and the Rockefeller Brothers Fund. The firm targets organizations whose asset bases are too small to justify a large in-house investment office but large enough to benefit meaningfully from the fee savings and access premium that Investure's pooled model negotiates.

While assets are managed through a proprietary co-mingled entity, each client institution maintains a distinct capital account with segregated tracking of contributions, withdrawals, and investment performance. Investure operates under SEC registration as an investment adviser, and the pooled vehicle is governed by legal documentation that defines participation rights, liquidity terms, and redemption mechanics consistent with each client's long-term endowment horizon.

The firm's investment philosophy traces directly to Alice Handy's experience managing public pension and treasury assets in Virginia and to the endowment model pioneered by David Swensen at Yale. Investure adapted this model — heavy allocations to illiquid, active, and alternative strategies — for institutions that lack a direct pipeline into the venture capital and private equity partnerships that define that approach.