Employees' Retirement Plan of Duke University

DUMAC is a Durham, North Carolina-based institutional investment manager for Duke University and affiliated entities, allocating capital for the university endowment, pension plan, Duke University Health System and The Duke Endowment. It follows a patient, long-term strategy across asset classes and geographies, partners with external investment managers, and has backed emerging managers with seed and anchor capital. For founders, it is most relevant as an institutional capital source and selective U.S. later-stage venture investor rather than a conventional sector-focused VC.