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Karen Denne, 310-954-5058, kdenne@broadfoundation.org

Katharine “K.C.” Krieger Named Chief Investment Officer of The Broad Foundations

LOS ANGELES, Dec. 8, 2016—The Broad Foundations announced today that Katharine “K.C.” Krieger has been named chief investment officer of its $2.5 billion portfolio, working closely with founder Eli Broad and the foundations’ investment committee, effective Jan. 1, 2017.

Krieger has worked with Broad since 2001 to help manage The Broad Foundations investment portfolio—which includes The Eli and Edythe Broad Foundation and The Broad Art Foundation—as well as the Broad family’s personal investments. Krieger succeeds Marc A. Schwartz, who is leaving after more than six years with The Broad Foundations to pursue other opportunities. Schwartz played a pivotal role in delivering strong investment performance for The Broad Foundations during his tenure, particularly in the alternative investments asset class.

“For more than 15 years, K.C. has been a trusted and loyal advisor, and she has proven to be as smart and insightful as she is hard-working and dedicated. We are pleased that she has agreed to step into this role, and we have the utmost confidence in her ability to work with me and our investment committee to oversee our investments,” Broad said. “We have been fortunate to have had Marc’s investment leadership and counsel over the past six years, and we want to thank him for his service and wish him well in his new endeavors.”

Named this year to the top 30 female limited partners in private equity and the top 30 family office rising stars by Trusted Insight, Krieger, 40, started with Broad as an investment analyst and has worked in progressively more responsible positions, most recently as managing director of investments.

Krieger will work closely with the investment committee of The Broad Foundations board of governors, which is chaired by Jay Wintrob, CEO of Oaktree Capital Group. Committee members include Joshua S. Friedman, founding partner, co-chairman and co-CEO of Canyon Capital Advisors; Marc Gamsin, head and co-chief investment officer of AllianceBernstein Alternative Investment Management Group; Bruce Karsh, co-chairman and chief investment officer of Oaktree Capital Management; Suzanne Nora Johnson, former vice chairman of Goldman Sachs; and Lawrence H. Summers, president emeritus of Harvard University, former Secretary of the Treasury and former chief economist of the World Bank.

“In her time at The Broad Foundations, K.C. has developed deep relationships with the global investment community,” Wintrob said. “She is well-respected and has demonstrated the strategic acumen necessary to oversee our investment portfolio. Our committee is delighted to continue working with K.C. in the foundations’ top investment role.”

Before joining Broad, Krieger was a senior consulting associate and team leader with Cambridge Associates in Boston. She graduated magna cum laude with a bachelor’s degree in economics from Colby College in Maine and is a CFA® charterholder. Krieger and her husband live in Los Angeles with their three children.

A photo of Krieger is available upon request.

The Broad Foundations, which include The Eli and Edythe Broad Foundation and The Broad Art Foundation, were established to advance entrepreneurship for the public good in education, science and the arts. They have assets of $3 billion. For more information, visit www.broadfoundation.org.

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