Rockefeller Deputy CIO to join Wallace Foundation

Thomas Lenehan has been named chief investment officer at the $1.63 billion Wallace Foundation, effective January 4, 2021.

He will succeed Rob Nagel, who will retire at the beginning of the next year after managing the foundation’s portfolio since the New York City-based non-profit’s inception in 1988.

“Tom is a superb, forward-thinking strategist, sensitive to changing external conditions, and a strong believer in the interdisciplinary thinking that is the hallmark of Wallace’s approach,” said Will Miller, president of Wallace. “In these turbulent times, he will help us generate the income we need to continue our mission of advancing equity and improvements in learning and enrichment for young people and in the non-profit arts for everyone.”

Lenehan is leaving his role of deputy chief investment officer at Rockefeller University at the end of the year.

At Rockefeller, which he joined in 2011, Lenehan contributed to investment strategy and policy, asset allocation, portfolio construction, reporting, risk management, cash planning, liquidity and manager selection for the institution’s $2.4 billion endowment, including managing equities, fixed income, marketable alternatives, private equity, venture capital and real assets on a global basis.

“All of us at Rockefeller are grateful to Tom for his superior partnership in the success of our Investment Office over the past decade and delighted that he will bring his strong investment acumen and team building skills to another important institution and mission,” said Amy Falls, chief investment officer at Rockefeller.

Prior to serving at Rockefeller, Lenehan held leadership positions at Commonfund Capital, initially as an associate director and then later as director from 2006 through 2011, helping manage $12.1 billion in private equity, venture capital and natural resources commitments globally on behalf of various institutional non-profit clients. Before that, he was a vice president at Vista Equity Partners in San Francisco from 2001 through 2005.

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