Investment Committee

The Investment Committee is composed of professionals selected for their experience in a variety of investment options. The group includes representatives with knowledge of equities, fixed income, private equity, venture capital, fund of funds, and other markets. All members are subject to approval by the Executive Committee. To ensure the selection of the best Investment Committee members, neither a giving minimum nor active fundraising is required.


photo of Kyle Reyes
Kyle Reyes

Kyle Reyes

CEO, UVU Foundation
Vice President of UVU Institutional Advancement

photo of Peter Jarman
Peter Jarman

Peter Jarman

Mr. Peter O. Jarman, MBA, serves as Managing Director at Cross Creek Advisors. He is part of the fund and direct investments team where he focuses on technology-related investments and is responsible for leading investment analysis and relationships with underlying fund managers. He joined Cross Creek in 2010 after four years as a Senior Investment Manager for Fort Washington Capital Partners Groups, where he assisted in managing its venture and private equity investment portfolios.

Prior to focusing on the investment side of private equity, Peter spent nearly 10 years operating in restructuring and marketing roles for venture and private equity funded companies. His experience includes senior roles at PTC,, Campus Pipeline (now Sunward Higher Education) and Icon Health and Fitness. He also served as a Vice President of Sales, Marketing and Product Development for Roundy, Inc, and Senior Director for Corporate Development at Oculus Technologies.

Peter received his MBA from the Northwestern Kellogg Graduate School of Management and was a finalist for the Ewing Kauffman Venture Fellows Program. He earned his B.A. in Spanish and economics from the University of Utah.

photo of Duane Madsen
Duane Madsen

Duane Madsen

Financial Wizard and Genealogist

Duane Madsen recently spent three weeks discovering his ancestors in Finland, homeland of his maternal grandparents. Now that he’s retired, Madsen’s greatest passion is genealogy, and he generally spends an hour a day on it. In addition to the relatives he discovered through research, the trip produced some unexpected discoveries. “On the boat from Sweden to Finland one night there was a lot of dancing and a lot conversation, and I met another couple that I’m related to,” he says.

Madsen spent his at career Goldman Sachs in San Francisco. “My greatest passion then was making money, and I was very good at it,” he says. He believes in hard work and rose at three a.m. for 25 years to put in long hours. “Those who are fortunate enough to be gifted mathematically have been blessed with a very valuable way of looking at the universe,” he says. “I’m clearly a numbers driven person.”

More recently, as chair of the UVU Foundation’s Investment Committee, Madsen headed up the effort to find a new firm to manage the Foundation’s investments. “I would say that our newest advisor, Meketa out of San Diego, is quite an outstanding firm. I think you will find that verified by the data as we move forward,” he says.

Asked why he would encourage others to join the Foundation Board, Madsen says, “It’s a strong board that’s getting stronger. I think this is going to be a fantastic ride, seeing the University succeed.”

“I think it’s pretty exciting what’s happening here,” says Madson. “The growth that’s occurring at the University is clearly remarkable. I think academically the University is surging.” UVU’s platform is more interesting in many ways than Brigham Young University’s, he says. BYU is more structured and less flexible, where UVU responds to the needs of the community. “I think UVU is a great institution, and I think its president has a vision that is in the process of being fulfilled.”

Madsen also likes the fact that UVU is willing to make an investment in young people even when they haven’t previously demonstrated academic potential. Most universities spend a lot of time evaluating how well a student did in high school, but that’s not necessarily an indicator of how well they will do in college, he says. “UVU will accept a lot of people who did not do well in high school, and some of those people will be huge academic surprises,” he says.

One of Madsen’s sons is currently attending UVU, considering a major in computer science. A second son previously attended, dabbling in a number of programs before heading to the BYU School of Accountancy. “I think he felt it was a good transition and a way to pick up some loose ends academically prior to getting deeply involved in the master’s in accounting program,” says Madsen.

In all, the Madsens have 10 children and 36 grandchildren scattered throughout the country. They also enjoy a six-acre berry farm in Mapleton, which boasts just about every kind of blackberry, raspberry and gooseberry extant.

Madsen’s commitment to higher education extends beyond UVU. He is a trustee of the State of Utah Educational Trust, a $2-billion fund for the public universities in the state—not including UVU, which didn’t exist when the fund was created. He chairs the Center for Law and Religious Studies at BYU’s J. Reuben Clark Law School, and he’s a member of the president’s advisory committee at BYU.

Madsen is also an ecclesiastical leader of about 80 young people who run a summer camp at the Aspen Grove Family Camp & Conference Center in Provo. And he recently spent five years at the Missionary Training Center of The Church of Jesus Christ of Latter-day Saints in Provo, preparing missionaries to serve in Russia and Ukraine.

photo of Marlo M. Oaks
Marlo M. Oaks

Marlo M. Oaks, CFA, CAIA

Marlo Oaks began his career in banking at Standard Chartered Bank, Hong Kong. After two years he returned to the United States to work in the investment team at Farmers Insurance Group, where he served as a securities analyst, investment strategist, and director of investments overseeing $24 billion in insurance and retirement assets. In June 2011 he joined Intermountain Healthcare’s investment group where he oversaw all income-based strategies across the $7.5-billion of investable assets. He also managed all of Intermountain’s community foundations’ investments. Since November 2013, Mr. Oaks has been consulting with a variety of companies. He volunteers as the chair for FIRST Utah Robotics, a series of four progressive programs for children K-12 designed to inspire children to pursue STEM studies and careers. He is a member of the CFA Society of Salt Lake City, the CAIA association of San Francisco, holds a Bachelor of Arts in Economics from Brigham Young University, and completed an MBA at UCLA Anderson School of Business.

photo of Michael Thornton
Michael Thornton

Michael Thornton

Michael Thornton has over a decade of investment experience and is currently managing director of Millcreek Asset Management LLC, an investment management firm offering quantitative, research-based investment strategies to qualified clients. Prior to Millcreek, he worked for LP Capital Advisors consulting large institutional clients on private equity investments. Prior to LP Capital Advisors, he worked for Credit Suisse's alternative investments division in New York, as well as the Utah Fund of Funds and the University Venture Fund.

Thornton holds a B.A. in Finance from the University of Utah, graduating cum laude as a research scholar, with both university and departmental honors. Thornton holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations.

The Investment Committee is responsible for monitoring and balancing the Foundation's endowment within the guidelines of the investment policy. It also selects and oversees the Foundation's asset managers. It is tasked with the following:

  1. Investment management
  2. Overall asset allocation reporting
  3. Providing quarterly reports to the full board on the performance of the Foundation's endowment