Priya Parrish
The McKnight Foundation announced Monday the appointment of Priya Parrish as CIO, the endowment’s first CIO since the establishment of its impact investing program in 2014.
Parrish’s appointment as CIO of the $2.8 billion Minneapolis-based endowment is effective November 30.
“Priya has spent her career building investment teams, strategies, partnerships, and new ways to put capital to work,” said Tonya Allen, president of the McKnight Foundation, in a statement. “At McKnight, we believe our endowment should work as hard for our mission as we do. Priya knows we can do well and do good, and that the strongest investing doesn’t require choosing between the two. She brings the investment rigor, imagination, and impact experience to help us build on more than a decade of progress and lead that work into its next chapter.”
Parrish is currently a partner and CIO at venture capital and private equity firm Impact Engine, an institutional venture capital and private equity firm making investments in economic opportunity, environmental sustainability and health equity. She was also previously CIO of alternative investments at manager Schwartz Capital Group. She has also held roles at hedge fund Aurora Investment Management.
“My career has taken me across traditional investing and impact investing, and I’ve seen firsthand that the strongest investment portfolios draw from both strategies… I’m excited to partner with Tonya and the Investment Committee to build on McKnight’s longstanding leadership and help shape what the next generation of performance- and mission-driven institutional investing looks like,” Parrish said in a statement.
In a comment on her LinkedIn, she added, “I’ve long admired McKnight’s courage in moving early to align its endowment more closely with its mission.”
Parrish holds a bachelor of science degree in business management, economics and entrepreneurship from Babson College and an MBA from the Booth School of Business at The University of Chicago.
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