UCLA Investment Company

The UCLA Investment Company Board of Directors and Officers of the Corporation comprise investment, finance and business professionals and University leadership committed to the advancement of UCLA. The volunteers of the board are appointed by The UCLA Foundation Board of Directors.

Members of the Board of Directors

Craig E. Ehrlich ’78, Chair, The UCLA Foundation; Chairman, Novare Technologies
David A. Ackert ’77, JD/MBA ’82, Managing Member, Crystal Lake Capital
Drew Zager, Chair, UCLA Investment Company; Managing Director, Morgan Stanley
Gregg Goldman, Vice Chancellor and Chief Financial Officer, UCLA
John T. Mapes ’90, Managing Partner, Aurora Capital Partners
Justin E. Barton, President and Chief Investment Officer, UCLA Investment Company
Steven L. Klosterman ’74, Regional Director, Halbert Hargrove
Philip Han, Executive Vice President and Chief Investment Officer, Saban Capital Group
Andrea Auerbach, Partner and Global Head of Private Investments, Cambridge Associates.

Officers of the Corporation

Drew Zager, Chair, UCLA Investment Company; Managing Director, Morgan Stanley
Justin E. Barton, President and Chief Investment Officer, UCLA Investment Company
Julie Sina, Chief Financial Officer, UCLA Investment Company; Vice President-Finance/Chief Financial Officer and Treasurer, The UCLA Foundation; Associate Vice Chancellor Alumni Affairs, UCLA
Michael Marvelli, Corporate Secretary and Deputy Chief Investment Officer, UCLA Investment Company

Biographies

Craig E. Ehrlich, Chairman, Novare Technologies. Craig is the former chairman of the GSMA, the world’s largest trade association for the mobile industry. He is also former chairman of Carmel Ventures Asia, a leading venture capital company. Craig currently serves as the lead independent director of Bharti Airtel, the world’s fourth largest telecom company. In the Philippines, Craig was vice chairman of publicly listed ISM and formerly a board member of publicly listed Philweb, the country’s leading gaming company. He served as chairman of Taiwan’s largest cable television company, kbro. Craig is also chairman and co-founder of Novare Technologies Inc., an onshoring and outsourcing software development company based in Hong Kong. He is also chairman of GTI Beijing, a virtual open platform that advocates cooperation among global mobile operators and currently serves on the board of Lumos Global which provides mobile electricity to customers in Africa. Craig has been involved in Hong Kong’s communications industry since 1987 when he joined Hutchison Cablevision as managing director. He was also a founding member of the team that launched STAR TV, Asia’s first satellite delivered television network. After leaving Hutchinson group, he started Hong Kong mobile operator SUNDAY Communications Ltd. Craig was formerly a board member of ECI (NASDAQ) Hutchison Telecom Group, Roamware and ITU Telecom. At UCLA, he is a member of UCLA/Peking University Joint Research Institute Advisory Committee and former board chair as well as a founding member of the Center for Global Management at the UCLA Anderson School of Management. In 2015, Craig became a member of The UCLA Foundation Board. He established the Norma Ehrlich Scholarship Fund, which to date has helped 65 women attend UCLA. Craig holds a B.A. degree from the UCLA, a master’s degree from Occidental College and a postgraduate fellowship with the Coro Foundation.

David A. AckertManaging Member, Crystal Lake Capital. Mr. Ackert joined The Foundation Board of Directors in 2016. At UCLA, he is a founding member of The Laurence and Lori Fink Center for Finance & Investments Board. Since 2010, David has been the Managing Member of Crystal Lake Capital and was previously an Operating Director at Paine + Partners. From 1994 until 2007 he was an executive vice president at AIG Financial Products Corporation, where he served as head of corporate marketing for North America and global head of the transaction development group and the energy practice. From 1986 until 1994 he was a VP in the capital markets department at Goldman, Sachs & Co. From 1983 to 1986 he was an associate at Sullivan & Cromwell, a New York City law firm. Mr. Ackert earned his B.A. (summa cum laude, Phi Beta Kappa), MBA and J.D. (Law Review, Moot Court Honors) degrees from UCLA. He also attended Hong Kong University as a Rotary Foundation Fellow. He serves as Treasurer for the Archaeological Institute of America, is a founding member of the Harvard University National Advisory Board for Public Service and is also a founding and current board member of Off Broadway Angels. Mr. Ackert and his wife, Charlotte, have one son, Nicholas.

Drew J. ZagerManaging Director, Morgan Stanley Private Wealth Management.  From 1991 to present, Mr. Zager has managed client fixed income portfolios. From 1986 to 1991, he provided bond coverage to Morgan Stanley’s middle market institutional clients. From 1981 to 1985, Mr. Zager was a senior tax consultant with Peat, Marwick and Mitchell. Mr. Zager is a graduate of California State University, Fullerton with a double BA in Finance and Accounting and was a Certified Public Accountant in the state of California.  Barron’s has listed him in the top 100 Financial Advisors in the country every year since 2004.  Mr. Zager is the Chair of the UCLA Investment Company Board, serves on The UCLA Foundation Board, the UCLA Life Sciences Board and he frequently guest lectures at the UCLA Anderson School of Management.  He is an advisor to the UC Regents Investment Committee.  From 2000 – 2017, he was on the Board of Trustees and the Investment Committee for the University of California, Riverside. Mr. Zager has been on the Young Eisner Scholars Board since 2013.  He chaired the Morgan Stanley Global Philanthropic Exchange in 2006 at the Guggenheim in NYC. (Barron’s information is available here)

Gregg GoldmanVice Chancellor and Cheif Financial Officer, UCLA. Gregg Goldman, who previously served as director of financial services for the UCLA Library system (1991-1996), returns to Westwood from the University of Arizona where he was senior vice president for business affairs and CFO. Gregg Goldman was the Senior Vice President for Business Affairs and Chief Financial Officer for the University of Arizona in January 2015. In this position, Goldman served as the UA’s senior business and financial officer with responsibilities including University budgeting, financial services, human resources, real estate, design and construction, business processes and functions, police, and relationships with University-related corporations. Prior to joining the University of Arizona, Mr. Goldman was Senior Associate Dean and Chief Financial Officer for the USC Marshall School of Business; Senior Assistant Dean for the UC Irvine Graduate School of management; Director of Finance for the Library system at the University of California, Los Angeles campus and Chief Financial and Operations Officer at various private companies in the Los Angeles area. He serves as past president on the Board of the Western Association of College and University Business Officers (WACUBO) and also serves as Past Chair for the National Association of College and University Business Officers (NACUBO), the preeminent professional associations for higher education business and finance professionals representing chief administrative and financial officers at more than 2100 colleges and universities across the country. Mr. Goldman received his B.S. in Business Administration from Thomas Edison State College and MBA from California State Polytechnic University, Pomona.

John T. MapesManaging Partner, Aurora Capital Partners. With assets under management in excess of $2.5 billion, Aurora is a private equity investment firm founded in 1991 that invests across a number of funds in middle market companies across the country. In addition to leading the Firm’s private equity practice, John is Chairman of the Investment Committee.   John’s corporate board experience spans numerous companies including:  Roller Bearing Co of America, Coast Gas Industries, Western Nonwovens Inc., Impaxx Inc., Autocam Corporation, Douglas Dynamics, K&F Industries, Ames Taping Tools, Mitchell International, RecoverCare, National Technical Systems and Restaurant Technologies.    Following his graduation from UCLA with a BA degree in Economics/Business in 1990, where John played varsity tennis for the Bruins, he spent two years with Salomon Brothers, Inc. in both New York and Los Angeles, in their Corporate Finance Group. He left Salomon Brothers to join Aurora in 1992 and then rejoined the Firm after attending and graduating from Harvard Business School in 1995. John has been involved in the community with the Special Olympics and the St. Matthew’s Vestry, which oversees the Church and Episcopal Day School at St. Matthew’s Church. He is also active on behalf of Harvard Business School. At UCLA, the Mapes endowed five student-athlete scholarships — two in men’s tennis, men’s basketball, football, and women’s beach volleyball.  Additionally, the Mapes funded a gift to support the construction of new beach volleyball courts at UCLA which will be known on campus as Mapes Beach. John currently serves Chairman of the UCLA Athletic Hall of Fame Committee and serves on the UCLA Technology Development Corporation Board and UCLA Athletics Centennial Campaign Committee.

Justin E. BartonPresident and Chief Investment Officer, UCLA Investment Company. Mr. Barton is the President and Chief Investment Officer at the UCLA Investment Company. The Investment Company is responsible for the UCLA Foundation endowment, a global, multi-asset portfolio. Along with the Investment Company team, Mr. Barton oversees all aspects of the endowment including executing investment strategy, portfolio construction, and governance. Mr. Barton began his investment career in Brown University’s investment office before joining Old Square Capital, a New York-based investment firm. He moved to London in 2011, where he worked for Investec Asset Management, an institutional investment manager. Mr. Barton has a BA degree from Princeton University and an MA in International Relations from the University of Cape Town. Mr. Barton holds an Investment Management Certificate from the CFA Society of the UK and the Chartered Financial Analyst® designation.

Steven L. KlostermanRegional Director, Halbert Halgrove.  Mr. Klosterman served as chair of The UCLA Foundation Board of Directors and during his tenure on the The UCLA Foundation Board he chaired the Nominations Committee, Audit, Finance, Investment and Investment Management Committees. An investment counselor with Halbert Hargrove in San Diego, Mr. Klosterman serves as a fee only investment adviser primarily to affluent individuals and families including two Family Foundations. Mr. Klosterman was integral to creating the Amy Klosterman Memorial Scholarship Fund (one of the UCLA Alumni Association’s largest scholarship funds), established by the San Diego Bruin Network. Mr. Klosterman is a primary donor to the fund, and due to his leadership, grew financial support with the help of numerous family members, friends and colleagues. Mr. Klosterman chairs the Investment Committee for the San Diego Foundation and serves on the American Lung Association (National) Investment Committee. He also served as a consultant to the Investment Advisory Group (IAG) which advises the Regents Committee on Investments (COI). Mr. Klosterman graduated with honors with a bachelor’s degree in political science from UCLA in 1974, and was an Honorable Mention All American and 2nd Team Academic All American football player. He earned his MBA from Stanford University in 1977 and previously served on the Stanford Business Fund Leadership Council and served as president of the Stanford Business School Alumni Association.

Philip Han, Executive Vice President and Chief Investment Officer, Saban Capital Group.  Saban Capital Group is a private investment firm based in Los Angeles specializing in the media, entertainment, and communication industries.  Mr. Han oversees a globally diversified portfolio of investments across equities, fixed income, and alternative investments.  He also leads Saban Real Estate Group, which owns a portfolio of office, self-storage, student housing and manufactured housing properties across 23 states.  Prior to joining Saban Capital Group, Mr. Han was with PricewaterhouseCoopers and EYM Technologies, a venture-backed email infrastructure start-up.  Mr. Han was formerly a Commissioner with the California Commission for Economic Development and is currently on the Board of Trustees with the Orthopedic Institute for Children. Mr. Han attended UCLA where he earned both his BA in Economics/Business and MBA in Finance.

Andrea Auerbach, Partner and Global Head of Private Investments, Cambridge Associates. Andrea leads a 50-person global team sourcing and underwriting private equity, growth equity, distressed, and venture capital funds, as well as direct, co-investment, and secondary investment opportunities. She is the chair of the Co-investment and Secondaries Investment Committees and a member and former chair of the firm’s Private Investment Committee. Her career with CA spans nearly two decades. Andrea has co-authored a significant amount of in-depth private investment research, backed by over 40 years of CA’s proprietary data. Andrea is frequently asked to keynote at private investment industry conferences worldwide. She is also a faculty member at the Institutional Limited Partner Association (ILPA) Institute, where she has taught classes for over 10 years. In 2020, Andrea was recognized by Chief Investment Officer magazine as a “Knowledge Broker All-Star.” Andrea joined Cambridge Associates in 2001 as Head of International Private Equity and Venture Capital Research. Prior to that, she was a Senior Director in the Private Equity Group at Prudential Insurance and began her career in that firm’s Leverage Buyout Group where she led early efforts to benchmark Prudential’s $5 billion buyout portfolio, and domestic and European private equity and venture capital fund investment portfolios, among other investment responsibilities. Andrea earned her MBA from Harvard Business School and her BA in Economics from Smith College.

Julie Sina,Chief Financial Officer, UCLA Investment Company; Vice President-Finance/Chief Financial Officer and Treasurer, The UCLA Foundation; Associate Vice Chancellor Alumni Affairs.  Her 30-year career in higher education spans from student affairs and financial aid to personnel and information services to strategic board, budgeting and facilities management. Previously, Ms. Sina was the Chief of Staff for UCLA’s College of Letters and Science and also served as the Chair of the UCLA Undergraduate Non-Resident Enrollment Task Force. Prior to UCLA, Ms. Sina served as University Vice President at the University of the Pacific where she managed the office of the President and served as Secretary of the Board of Regents.