TIFF expands investment team

The firm, which manages investments of non-profit organisations, hired Chris Anderson earlier in the summer to focus on secondaries and recently appointed Chris Willoughby as new CIO starting next week.

The Investment Fund for Foundations has expanded its investment team by hiring Chris Anderson who focuses on private investments including secondaries.

Anderson, who is also a member of the private equity committee at Babson College Endowment, joined in June, according to his LinkedIn profile.

At TIFF, he performs investment research and selects and monitors external investment managers, secondaries interests and co-investments. Other professionals at TIFF focusing on secondaries include Brendon Parry, and director and deputy chief investment officer Stephen Vicinelli.

Previously, Anderson worked as senior manager for private equity at Alcatel-Lucent Investment Management, where he started in August 2012. He has also worked as an investment associate at SVG Capital and as an analyst at HarbourVest Partners.

In June, TIFF also hired Stephen Williams as an analyst focusing on private investments. Williams previously worked for Cogent Partners, where he worked on quarterly monitoring and evaluating performance of about 100 private equity funds.

Anderson and Williams are based in TIFF’s Boston office.

Pennsylvania-based TIFF also hired two additional investment professionals over the summer, and at the end of September, it announced it had hired Jay Willoughby as its new chief investment officer effective on 13 October. Most recently, Willoughby served as chief investment officer of the Alaska Permanent Fund.

TIFF was founded in 1991 by a network of foundations to serve the investment needs of the non-profit community. As of 30 June, TIFF served about 800 non-profit members with a total of more than $11 billion in assets. Members include the William T Grant Foundation, the William and Flora Hewlett Foundation and the American Museum of Natural History, according to TIFF website.

TIFF was not available for comment.