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University of California
The Office of the President is the system wide headquarters of the University of California, managing its fiscal and business operations, and supporting the...
University of California
The Office of the President is the system wide headquarters of the University of California, managing its fiscal and business operations, and supporting the academic and research missions across its campuses, labs and medical centers. Together with the university’s executive leadership, the Office of the President helps give shape to a vision for the university, managing the activities that are central to UC's public mission and essential to the idea of one university. Our employees manage multibillion-dollar fiscal and business operations with a clear focus on strengthening the financial health of the whole system. They establish policy frameworks that guide how UC’s academic and research missions are carried out across a complex network of campuses, labs, medical centers and community outreach programs. They work to ensure legal and ethical compliance, manage risk and support the health and well-being of the university's diverse workforce. They promote the university’s interests and fight for its future in Sacramento and Washington, D.C. Much of this work happens behind the scenes; in all of it, every day, we strive to be more efficient, decisive, responsive and transparent as we steward the amazing public resource that’s been entrusted to us. For more information please visit http://www.ucop.edu/
General information
Firm type
Endowment
Year founded
1868
AUM
$190B
Location
Region
North America
Country
United States
City
Oakland
Corporate office
1111 Franklin Street, Oakland, CA, United States
Principals
Jagdeep Singh Bachher
Chief Investment Officer, University of California Regents
Frequently asked questions
Who runs investment decisions at the University of California?
Jagdeep Singh Bachher serves as Chief Investment Officer of the Regents, reporting to the Board of Regents' Investments Committee. His office manages retirement and endowment assets across a diversified portfolio of public equities, fixed income, private equity, venture capital, and real assets.
How does the UC Investment Office source private-market opportunities?
The office employs a hybrid approach: it commits to established fund managers while also sourcing direct co-investments. This dual strategy allows the office to access venture and growth-stage deals alongside managers like Sequoia, Andreessen Horowitz, and General Atlantic.
Does the UC Investment Office make direct venture investments?
Yes. The office makes direct co-investments in venture and growth-stage companies through its private equity and innovation-related strategies. It also commits to venture capital funds as a limited partner, combining fund commitments with direct exposure.
What is the governance structure protecting UC investments from political pressure?
The Chief Investment Officer reports to an independent Investments Committee of the Regents, established under the California Constitution. This governance framework insulates investment decisions from short-term political cycles more than a typical state treasury or public pension fund structure would allow.
Why has the office increased allocations to private assets?
CIO Bachher has argued that private-market allocations allow the office to take advantage of a patient capital advantage: the UC system's perpetual time horizon. His October 2023 remarks to the Regents framed this as a deliberate structural trade-off between near-term liquidity and long-term return potential.
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