David Greenberg named Virginia Tech Foundation Inc. chief investment officer
Virginia Tech Foundation Inc., (VTF) which manages the endowment and real estate portfolio of Virginia Tech, has named David Greenberg as chief investment officer. Greenberg will oversee the investments within the endowment as part of VTF’s drive to grow the value of the asset base. He will establish operations and expand the investment team in Richmond.
“We are pleased that David is joining the Hokie Nation,” said Elizabeth A. McClanahan, VTF’s chief executive officer. “He arrives in a time of opportunity for VTF to fortify its role as steward of Virginia Tech’s assets. As we celebrate 75 years of serving the university, its students, its faculty, and its community, we look forward to launching investment initiatives that maximize potential and equip the university to fulfill its mission.”
Greenberg comes to VTF from the California Endowment, where he served as chief investment officer of the $4 billion Los Angeles-based foundation. In this role, he led an eight-person team in managing a diversified portfolio of public and private market investments.
Greenberg’s prior experience includes the University of Southern California’s investment office and J.P. Morgan. He received a Bachelor of Business Administration from the University of Iowa and an MBA from the Indiana University Kelley School of Business. Additionally, Greenberg is a chartered financial analyst charter holder.
“VTF is structured to focus on asset management,” said Starlette B. Johnson, chair of the VTF board of directors. “Operating separately, VTF manages and grows the university’s assets, which include the generous gifts given to the university directly by donors. As these assets port over to VTF, it is essential, especially during this era of vast global change, for VTF to sustain investment practices that advance growth and remain aligned with the university’s strategic priorities.”
“I am pleased to join VTF at this moment in time,” said Greenberg. “The increasing complexity of markets demands sophisticated investment acumen to guide university endowments. It is an honor to join my VTF colleagues as a steward of Virginia Tech’s assets, to guide the capital decisions that will advance the university’s vision.”
Virginia Tech Foundation Inc. is a nonstock corporation and standalone 501(c)3 entity formed in 1948 to manage Virginia Tech’s endowment and real estate portfolio, now valued at $2.8 billion. Its wholly owned business subsidiary, Virginia Tech Corporate Research Center, is a business park and operation for commercializing the university’s research and programming.