# TIFF Investment Management

TIFF Investment Management is an Asset Manager based in Radnor, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Radnor, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 1991
- **Assets under management:** Undisclosed
- **Website:** tiff.org
- **LinkedIn:** https://www.linkedin.com/company/tiff-investment-management

## Regulatory record

- **CRD number:** 327436
- **SEC file number:** 801-128989
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/327436

## About

TIFF Investment Management is an SEC-registered investment adviser in Radnor, PA, registered since 2023. The firm manages $8.6 billion in assets, with $8.3 billion on a discretionary basis. It has 70 employees and 17 investment advisers.

## Sectors

- Private Equity
- Venture Capital
- Hedge Funds

## People

- Matt Hoehn — Co-Head of Custom Asset Allocation
- Tom Duffy — Speaker

## Questions

### Who runs investment decisions at TIFF Investment Management?

TIFF operates as an Outsourced Chief Investment Officer, distributing decision-making across a Member Strategy team. Matt Hoehn, Co-Head of Custom Asset Allocation, works directly with arts and cultural institutions on portfolio construction. The firm takes a bespoke approach, assigning senior strategists to each client rather than centralizing authority in a single CIO.

### How does TIFF source its venture capital and private equity exposure?

TIFF accesses venture capital, private equity, and hedge funds through a combination of primary fund commitments, co-investments, and customized separate accounts. The firm selects fund managers across stages, from early-stage VC to large buyout, but does not disclose specific manager names publicly. Its sourcing relies on longstanding relationships with GPs who align with the nonprofit investment timeline and liquidity constraints.

### Does TIFF participate in direct deals or only fund commitments?

TIFF’s private-markets activity includes both fund commitments and co-investments. The firm constructs diversified alternative portfolios for each client, blending fund-of-funds access with opportunities to invest directly alongside established GPs. The exact mix varies by client mandate and liquidity needs.

### Which sectors does TIFF focus on within its alternative investment programs?

TIFF’s alternative programs span private equity, venture capital, and hedge funds. Sector exposure is determined by underlying fund managers, but the firm targets strategies that meet the long time horizons and distribution requirements of nonprofit institutions. Specific early-stage venture exposure is included, though TIFF tags this broadly as venture capital without publicly naming sector concentrations.

### How is TIFF’s nonprofit OCIO model distinct from a commercial asset manager?

TIFF operates under a purpose-aligned, client-embedded model — its investment team works as if it were an in-house CIO for each foundation or endowment. Unlike commercial managers optimizing for asset accumulation or fee revenue, TIFF’s mandate ties directly to each client’s financial and charitable objectives, with portfolio design reflecting payout needs, board governance, and mission constraints.

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- [The Vanguard Group](https://altss.com/profile/the-vanguard-group)
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Last updated: 2026-06-03T20:00:00.000Z

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