# William & Mary Investment Trust

William & Mary Investment Trust is an Endowment / Foundation based in Williamsburg, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Williamsburg, United States
- **Region:** North America
- **Address:** Williamsburg, Virginia, United States
- **Assets under management:** $1.0B – $1.5B (Altss estimate)
- **Website:** 1693mgmtco.org
- **LinkedIn:** https://www.linkedin.com/company/1693-management-company

## Regulatory record

- **Reports private funds:** No

## About

The 1693 Management Company was formed to centralize investment operations for the charitable organizations that sustain the College of William & Mary. Rather than managing dozens of separate small endowments, the firm runs the 1693 Partners Fund, a single pooled vehicle through which the William & Mary Foundation, the Marshall-Wythe School of Law Foundation, the VIMS Foundation, and the Business School Foundation collectively invest. Brian Hiestand leads the effort as both chief executive and chief investment officer. The portfolio is explicitly multi-asset, with known allocations to direct commercial real estate, a global real assets portfolio, and a sleeve designated as diversifying strategies. Real estate holdings include 327 Richmond Road and Tribe Square in Williamsburg, as well as Discovery II in James City County. The fund operates with a long-duration, mission-aligned mandate, meaning liquidity demands are lower than a typical institutional pool of comparable size. The investment committee and board draw on external governance expertise, with members such as Louis Dudney of AlixPartners and John Cole of CEF Advisors. Publicly available detail on team size is thin, but the leadership bench includes Catherine Mountjoy as Managing Director of Investments and Elizabeth Jennings as chair of the 1693 Partners Fund Board. The structure effectively functions as a single co-mingled vehicle overlaying multiple university-related foundations, an architecture that reduces administrative friction and may improve fee leverage on external manager commitments. In September 2023, the William & Mary Foundation continued to guide the multi-asset portfolio through its Investments Committee, maintaining the formal link between the university's development arm and the pooled fund board (per the William & Mary Foundation, 2023). The structural differentiator is the co-mingled model itself. Most large public universities run a unified endowment; smaller affiliated foundations often self-manage or outsource independently. The 1693 Partners Fund sits between those poles, combining the assets of several charitable entities supporting a single university under one investment program. That governance choice concentrates investment authority in the management company while preserving separate foundation identities and beneficiaries — a design that may attract attention from other university systems weighing consolidation.

## Sectors

- Real Estate
- Diversifying Strategies

## People

- Brian Hiestand — Chief Executive Officer and Chief Investment Officer
- Catherine Mountjoy — Managing Director of Investments
- Elizabeth Jennings — Chair of the 1693 Partners Fund Board
- Louis Dudney — Board Member of 1693 Management Company and Global Leader at AlixPartners
- John Cole — Board Member of 1693 Partners Fund and Founder of CEF Advisors

## Questions

### Who runs investment decisions at the William & Mary Investment Trust?

Brian Hiestand serves as CEO and CIO of 1693 Management Company, the entity responsible for portfolio management. Catherine Mountjoy supports him as Managing Director of Investments. The 1693 Partners Fund Board, chaired by Elizabeth Jennings, provides governance oversight.

### How is the William & Mary Investment Trust structured relative to the university's individual foundations?

The firm operates as a pooled vehicle called the 1693 Partners Fund. Multiple William & Mary-affiliated foundations — including the main foundation, the law school foundation, the business school foundation, and the VIMS foundation — invest their endowment assets collectively through this fund rather than managing separate portfolios.

### What asset classes does the trust invest in?

Known allocations include direct commercial real estate, a global real assets portfolio, and a sleeve designated as diversifying strategies. The real estate holdings are concentrated in Williamsburg and James City County, Virginia, including properties on Richmond Road and Discovery Park Boulevard.

### Does the trust disclose its total assets under management?

The firm does not publicly report a precise AUM figure. Altss estimates the pool at roughly $1.2B, placing it in the $1.0B to $1.5B range.

### Does the trust take outside capital or is it exclusively for William & Mary entities?

The 1693 Partners Fund is a charitable investment fund open to organizations supporting the mission of William & Mary. It is not marketed to the general public or to institutions unaffiliated with the university.

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

Canonical page: https://altss.com/profile/william-and-mary-investment-trust

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology