Morgan Creek Capital Management Appoints Daniel J. Kingston As Member Of The Investment Committee

CHAPEL HILL, N.C., July 23, 2012 /PRNewswire/ -- Morgan Creek Capital Management is pleased to announce that Daniel J. Kingston has joined the firm as a Member of the Investment Committee.  In his new role, Mr. Kingston will work alongside the Chief Investment Officer (CIO), Mark W. Yusko, and the investment team to evaluate investments and asset managers across all asset classes. Mr. Kingston has direct experience in public equity, private equity, venture capital, real assets, alternative investments and fixed-income, which he has acquired working for some of the top institutional investors in the United States over the past 25 years.

"We are excited to have Dan on the Morgan Creek team. His experience and investment acumen are well known and well regarded, and he is a longtime friend," said Mr. Yusko.

Mike Hennessy, Morgan Creek's Managing Director of Investments added, "It will be great to work more actively with Dan.  We have known each other over the years, so it is like playing with an all-star from a cross-town rival rather than a new person."

As a Managing Director of Vulcan Capital, the investment vehicle for Microsoft founder Paul Allen, Mr. Kingston was responsible for heading the investment portfolio's strategic and tactical asset allocation and manager selection. Prior to joining Vulcan in March 2006, Mr. Kingston was CIO at the Kauffman Foundation, a non-profit organization with an asset base of approximately $2 billion. Prior to that Mr. Kingston spent 13 years at the Stanford Management Company, ending his tenure as Managing Director. In that post, he was responsible for the development and management of internal investment strategies for Stanford University's investment portfolio. He first joined Stanford in 1990 after having spent time as a financial analyst with Hewlett-Packard Corporation's investment department.

Before starting his investment career, Mr. Kingston spent five years as an officer on active duty with the U.S. Coast Guard. He holds a B.A. in science from the U.S. Coast Guard Academy and an MBA from the Wharton School of the University of Pennsylvania. In addition, he is a current charter holder of the CFA designation and serves on The Pacific Northwest Ballet Foundation board.

About Morgan Creek Capital Management
Morgan Creek Capital Management is a global investment management firm with approximately $8 billion in assets. The firm is focused on active investment management with a long-term investment philosophy and firmly believes in the Endowment style of investing for helping clients achieve their objectives. Consistent with the Endowment Model, Morgan Creek maintains exposures across the investment spectrum, from traditional equities and fixed income to alternatives such as hedge funds, private equity, real estate, and venture capital. With the collective experience of its senior investment team, Morgan Creek was an early pioneer of the "Outsourced Endowment Model" when the firm launched in July 2004. The firm is headquartered in Chapel Hill, N.C. and has offices in New York, Singapore and Shanghai. More information on Morgan Creek's investment team and strategies is available at www.morgancreekcap.com.

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SOURCE Morgan Creek Capital Management