# Reed College

Reed College is an Endowment / Foundation based in Portland, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Portland, United States
- **Region:** North America
- **Address:** 3203 Southeast Woodstock Boulevard Eliot Hall 101A, Portland, OR 97202-8199, United States
- **Founded:** 1908
- **Assets under management:** 850 (Altss estimate)
- **Website:** reed.edu
- **LinkedIn:** https://www.linkedin.com/school/reed-college/

## Regulatory record

- **Reports private funds:** No

## About

Reed College was founded in 1908 as a private liberal arts institution in Portland, Oregon. Its endowment operates under the Reed Institute and follows an explicit divestment policy on fossil fuel funds adopted by the board. The endowment allocates across venture capital, private equity, hedge funds, real estate, and infrastructure. Confirmed positions include commitments to EIV Capital Fund IV, Qiming Venture Partners, and Blackstone Life Sciences. Geographic exposure spans the United States and China through these vehicles. Cambridge Associates serves as investment advisor. The endowment maintains a 116-acre main campus plus additional real assets including Reed Canyon and a Mount Hood ski cabin. Erik Bernhardt leads investment decisions with support from Director of Investments Andrew Lonergan. December 2024: The endowment held an update meeting covering strategy, divestment, and performance. Service providers include KPMG as auditor. The structure separates endowment governance from college operations through a dedicated investment committee that includes external trustees such as Jane Buchan and Gary Rieschel. This setup allows direct LP commitments without an internal direct-deal program.

## Sectors

- Venture Capital
- Private Equity
- Hedge Funds
- Real Estate
- Infrastructure

## People

- Erik Bernhardt — Chief Investment Officer
- Andrew Lonergan — Director of Investments
- Jane Buchan — Chair of the Investment Committee
- Gary Rieschel — Trustee and Investment Committee member
- Nicholas Galakatos — Trustee

## Questions

### Who runs investment decisions at Reed College?

Erik Bernhardt serves as Chief Investment Officer. Andrew Lonergan is Director of Investments. Jane Buchan chairs the Investment Committee.

### Does Reed College participate in fund commitments or only direct deals?

The endowment acts as a limited partner in funds. It maintains no direct deal program. Positions include EIV Capital Fund IV and Qiming Venture Partners.

### What is Reed College's known posture on co-investments alongside external GPs?

No co-investment activity is disclosed. The endowment focuses on primary fund commitments through vehicles such as Blackstone Life Sciences.

### Which sectors does Reed College explicitly avoid?

The college prohibits new investments in funds focused on oil, gas, and coal industries. It is phasing out existing holdings in those areas.

### How is Reed College's endowment related to its operations?

The endowment sits under the Reed Institute and supports college operations. Governance occurs through a separate investment committee with external trustees.

### What investment stages does Reed College typically target?

The endowment targets venture capital including early stage and growth. It also commits to buyout, secondaries, and distressed debt strategies.

## Related profiles

- [Olympus Wealth Management](https://altss.com/profile/olympus-wealth-management)
- [Local 580 Annuity Fund](https://altss.com/profile/local-580-annuity-fund)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/reed-college

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