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Square 1 Ventures Adds Will McLean and Andreas Ritter to Investment Committee

April 18, 2011
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Square 1 Ventures, the private equity platform of Square 1 Bank, proudly announces the additions of Will McLean, Vice President and Chief Investment Officer of Northwestern University, and Andreas Ritter, past Private Equity Investment Manager for DUMAC (Duke University’s endowment), as independent members of the Square 1 Ventures Investment Committee.

Will McLean was appointed VP and CIO for Northwestern University in 2002 and is responsible for managing their $6.5 billion portfolio. Previously, he was the Senior Managing Director for Asset and Investment Management at the John D. & Catherine T. MacArthur Foundation and an Investment Officer for The Duke Endowment. McLean served on the Board of Trustees for Father Flanagan’s Trust and was a director of TIFF Advisory Services (overseer of investments for The Investment Fund for Foundations). He is currently a board member of TIFF Education Foundation and an investment committee member for the NCAA, Boeing, Davidson College, and the Mayo Clinic.

Andreas Ritter is currently the Managing Director of ARICO, LLC, an investment advisory firm serving family offices and institutions investing in private equity, venture capital, and real asset funds. He previously managed the $2 billion private equity portfolio of Duke University’s endowment. Ritter, among senior positions at several international financial firms, has served on the investment committees for three direct venture funds and was also Managing Director of Allianz Venture Partners.

Adrian Wilson, President of Square 1 Ventures, said, “I am pleased that we were able to attract two individuals held in such high regard by the industry. Their experience, along with our insight as direct participants in the venture market, will serve to further improve our decision making capabilities.”
 

About Square 1 Ventures

Square 1 Ventures is the equity arm of Square 1 Bank, a commercial bank serving the financial needs of entrepreneurs and the VC community. Through this relationship, Square 1 Ventures achieves access to a nationwide network of funds and companies and real time insight into their performance and that of the venture market itself. The current VC fund of funds has proven to be the top performing US private equity fund of funds for the 2008 vintage year according to Preqin as of 09/30/10, with a 30% Net IRR and Distributions to Paid In Capital of 15% to date.

 


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