MAKENA CAPITAL MANAGEMENT, LLC
MAKENA CAPITAL MANAGEMENT, LLC is a Seed, Series C+, early-stage and buyout fund in the US, China and Global investing in private-equity, venture-capital, real-assets, hedge-funds, credit and life-sciences.
- Stages
- Seed, Series C+, early-stage, buyout
- Sectors
- private-equity, venture-capital, real-assets, hedge-funds, credit, life-sciences
- Invests in
- US-wide, China, Global
- Actively investing
- Yes
- Founded
- 2005
- Assets under management
- $24.3B
- Website
- makenacap.com
Check size not disclosed
Thesis
They also pursue opportunistic credit. Makena operates through discretionary, commingled vehicles, offering both multi-asset and single-asset class portfolios. As of late 2025, AUM was approximately $24.3 billion, with specific funds like the 'Perpetual' private equity fund reaching $2.83 billion and the venture capital fund reaching $1.57 billion after a $132 million raise in July 2025. The firm emphasizes a long-term focus, balanced diversification, and value discipline, leveraging a network of established and emerging managers.
Common questions
Does MAKENA CAPITAL MANAGEMENT, LLC invest at the Seed stage?
Yes. MAKENA CAPITAL MANAGEMENT, LLC lists Seed, Series C+, early-stage and buyout among the stages it invests in.
Where does MAKENA CAPITAL MANAGEMENT, LLC invest?
MAKENA CAPITAL MANAGEMENT, LLC invests in the US, China and Global.