Managing Principal

Eric T. Johnson

With over 25 years of experience as an investor, advisor, analyst, and trustee, Eric has extensive knowledge of the institutional market. He possesses a particular expertise in strategic asset allocation, emerging markets, and private equity performance/benchmarking issues. Eric was previously a Managing Director at Cambridge Associates where he advised board members, investment committees, and internal staff members of endowments, foundations, sovereign wealth funds, healthcare organizations, pensions, and other large investors. He has aided institutional asset owners with issues ranging from spending policy and asset allocation strategy to manager structure and selection, performance monitoring, investment policy, mission-related investing, and portfolio implementation. Eric has direct experience leading due diligence of private investment partnerships globally including venture capital, buyout, growth equity, impact investment funds, and funds of funds. He was a leader in developing and expanding Cambridge's emerging markets private equity and venture capital benchmarks. Eric was the primary creator of the firm's proprietary methodology for comparing private equity returns to public market returns (Cambridge Associates Modified Public Market Equivalent, or mPME), which has become an industry standard.

Eric has worked directly as an investment director for Kamehameha Schools, whose multi-billion-dollar endowment fund supports the largest private school system in the United States. He began his investment management career as a Vice President with Small Enterprise Assistance Funds, managing an emerging markets private equity fund backed by the European Bank for Reconstruction and Development (EBRD). He also served on the National Security Council staff in the White House Situation Room and was an Analyst for the U.S. Department of Defense covering international security issues. Eric has a Bachelor of Arts in History, a Master of Arts in Russian and East European Studies and an MBA, all from Stanford University. He recently served as President of the Board of Trustees for the Oregon Shakespeare Festival Endowment Fund, and since 2022 has been a member of The International Working Group on Russian Sanctions (“Yermak-McFaul Group”) focused on ending Russia’s invasion of Ukraine.