Commonfund Capital Names Pascal as President

Commonfund said on Monday that it has promoted Donald T. Pascal to president of Commonfund Capital. Pascal succeeds Susan J. Carter who will continue as CEO of Commonfund Capital. Commonfund Capital is a subsidiary of Commonfund, an investment manager for institutional investors.

PRESS RELEASE

Wilton, CT, July 1, 2013 – Commonfund announced today the promotion of Donald T. Pascal to President of Commonfund Capital, Inc., a wholly-owned subsidiary of Commonfund focused on private equity, venture capital and natural resources investing that has managed more than $13.5 billion in committed capital since inception.

Mr. Pascal succeeds Susan J. Carter as President, however, Ms. Carter will retain her role as Chief Executive Officer of Commonfund Capital. As CEO of Commonfund Capital, Ms. Carter will retain overall strategic leadership of the group and will continue to be actively engaged with investors and managers.

“Don and I have worked closely together for the last 15 years, and I am confident that Commonfund Capital will rise to even greater heights with Don’s leadership,” noted Sue Carter.

Don Pascal added, “I am grateful for the confidence that Sue and Commonfund have shown in me and I look forward to this new challenge. In my new role I will continue to advance the mission of Commonfund Capital, and as a result, offer clients the opportunities and strategies to help them reach their investment objectives.”

Mr. Pascal joined Commonfund in 1998. He previously worked at Victory Ventures LLC, Noel Group, Inc. and The Prospect Group, Inc., all private capital funds organized by Louis Marx, Jr. Previously, he worked at E.M. Warburg Pincus & Co. and Strategic Planning Associates. He has 30 years of direct private capital and multi-manager investment experience, including sourcing, negotiating, and monitoring direct investments. Mr. Pascal is presently a member of the advisory boards of several leading private capital limited partnerships. He is also a member of the Investment Committee for The Hotchkiss School and a Director of Mallard Ltd., a wholly owned investment subsidiary of The Dietrich Foundation.

Commonfund President and CEO Verne O. Sedlacek stated “Sue Carter has cultivated Commonfund Capital into one of the world’s leading private capital firms by focusing on investment quality over asset growth. She has developed an exceptional team, which today has never been stronger, and I look forward to continuing to work with both Sue and Don in the years ahead to maintain Commonfund Capital’s market leadership.”

The Commonfund Capital Operating Committee including Ms. Carter, Mr. Pascal, Managing Directors Greg Jansen and Peter Burns, and CFO Linda Costa — has been managing all aspects of the Commonfund Capital business for the last 15 years. This operating committee approach to leadership will not change, nor will Mr. Pascal’s or Ms. Carter’s roles on Commonfund Capital’s Investment Committee.

About Commonfund
Commonfund was founded in 1971 as an independent
nonprofit investment firm with a grant from the Ford Foundation. Directly or through its subsidiaries­Commonfund Capital and Commonfund Asset Management Company­ Commonfund today manages over $25 billion for endowments, foundations and pension funds. Among the pioneers in applying the endowment model of investing to institutional investors, Commonfund provides extensive investment flexibility using independent investment sub-advisors for discretionary outsourcing engagements, single strategies and multi-asset solutions. Investment programs incorporate active and passive strategies in equities and fixed income, hedge funds, commodities and private capital. All securities are distributed through Commonfund Securities, Inc. For additional information about Commonfund, please visit www.commonfund.org.

About Commonfund Capital
Since its founding in 1988, Commonfund Capital has served as an extension of clients’ investment committees and investment staff. They offer a flexible approach to create solutions for investors by partnering with many of the world’s leading private equity, venture capital and natural resources firms. Commonfund Capital, Inc. is a wholly owned subsidiary of Commonfund. All securities are distributed through Commonfund Securities, Inc. For additional information about Commonfund Capital, please contact us at cciinfo@cfund.org.