Loading organizations...
Rice Management Company (RMC) provides professional stewardship of Rice University’s endowment fund and associated debt. The organization actively manages a multi-asset portfolio, applying a sophisticated investment strategy to generate long-term returns. Its approach involves strategic asset allocation and rigorous manager selection across various investment vehicles, aiming for robust capital appreciation and preservation.
RMC was established in 2009 as a dedicated division of Rice University, formed to professionalize and optimize the management of the institution's substantial financial assets. The university recognized the need for an independent entity with specialized expertise to ensure the endowment’s enduring growth and stability, directly supporting its educational and research mission.
The primary beneficiary of RMC’s activities is Rice University itself, with distributions funding critical academic programs, faculty support, and student initiatives. The company's overarching vision is to deliver sufficient, stable, and growing cash distributions that underpin the core endeavors of the university, securing its financial future and enabling its continued pursuit of excellence.
Rice Management Company has 2 tracked investments across 1 company. The latest tracked deal is $75.0M Series D in Iora Health in October 2016.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 1, 2016 | Iora Health | $75.0M Series D | Temasek | .406 Ventures, Canaan Partners, Emergence Capital, Flare Capital Partners, Miramar Ventures, Blake WU, Lily Huang, Mohamad Makhzoumi, Okapi Venture Capital, OrbiMed, Polaris Partners, Sandbox Industries, SV Health Investors, Yumin Choi, F Prime Capital, Leslie Bottorff, Khosla Ventures, Terrance McGuire |
| Jan 1, 2015 | Iora Health | $28.0M Series C | — | .406 Ventures, Canaan Partners, Emergence Capital, Flare Capital Partners, Miramar Ventures, Blake WU, Lily Huang, Mohamad Makhzoumi, Okapi Venture Capital, OrbiMed, Polaris Partners, Sandbox Industries, SV Health Investors, Yumin Choi, Michael Greeley, F Prime Capital, GE Ventures, Rushika Fernandopulle, Khosla Ventures, Polaris Partners |