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Hello everyone and welcome to At Bairns. I'm Andy Surwer and welcome to our guests, Amy Falls and

Hartley Rogers, an accomplished married couple in the world of finance.

Amy is the chief investment officer at Northwestern University and on a number of high-profile

boards.

And Hartley is the, let me make sure I got this right, Hartley executive co-chairman at Hamilton

Lane, which is an alternative investment manager.

Welcome to both of you.

Thank you. Thanks. Great to be here. Amy, let's start off with you. Welcome to both of you. Thank you. Great to be here.

Amy, let's start off with you.

I want to ask you about the Northwestern Endowment and your job there.

How big is it?

And how is it different maybe from other universities or how do you think about running it?

So we are 15 billion in change.

We are different in that we provide a lot of budget support, but not as much as some of our

better capitalized peers.

So we're about 25% of the budget, and Princeton would be 60, 5560.

There's a wide spectrum.

We're not at the lowest end of the spectrum, but for the breadth and

importance of the institution, I feel we have to run it hard because we're undercapitalized

relative to our mission. And Harley, tell us about Hamilton Lane. It's kind of got a really

interesting backstory that you were involved in, but give us the sort of thumbnail.

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