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.

Members

Scotty W. Cooksey

Scotty W. Cooksey

CEO, UVU Foundation
Vice President of UVU Institutional Advancement

Scott Cooksey began at Texas Tech in 1997 as director of development and external relations for the Texas Tech University College of Agricultural Sciences and Natural Resources. In 2008 he was named associate vice chancellor for Texas Tech University System. In February 2015 he was selected to be senior associate vice chancellor for institutional advancement. He began his current position at UVU in January 2016.

In 2012, Cooksey’s fundraising accomplishments were recognized with the Outstanding Fundraising Professional Award from the Lubbock Association of Fundraising Professionals. He has also received the Founders Distinguished Service Award from the National Agricultural Alumni and Development Association and the Institutional Advancement Excellence Award from the Texas Tech University System.

Prior to joining Texas Tech, Cooksey was director of development for a large nonprofit organization in Atlanta. He has a bachelor’s degree in marketing from Texas Tech University and is a Certified Fund Raising Executive (CFRE).

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, Ancestry.com, 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.

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.

Jeff Moss

Jefferson Moss

Jefferson Moss is the divisional executive director for UVU Institutional Advancement and COO for the UVU Foundation. In this role, he provides the day-to-day management of the University endowment. He also helps facilitate new alternative investment strategies that the Foundation is pursuing. In addition, he oversees the development services team, which includes database management and prospect research. Prior to coming to UVU, Moss served as a wealth strategist for Key Private Bank. In this role, he led a team of wealth management specialists who provide comprehensive solutions for all aspects of wealth management, including trust and estate planning, financial planning, investment management, tax strategies, insurance solutions, and credit facilities.

Prior to Key Bank, Moss spent two years in San Francisco working for Credit Suisse in their Private Bank. While in the Bay Area, he cofounded the Bay Area Entrepreneurial Network, which provided training and mentoring for several hundred entrepreneurs.

Moss has been involved in launching several companies. He built his last company, Rustico, from a startup into a multimillion dollar company. After successfully selling the company, he returned to Brigham Young University where he received his MBA. While there, Moss was selected as a member of Cougar Capital, a student-run Venture Capital firm. He also worked for vSpring Capital as a portfolio consultant and for USTAR as a venture analyst.

Moss is active in the community. He currently serves as an elected member of the Utah State Board of Education. He also served on the Utah State Board of Regents and was elected to serve a term on the City Council in Saratoga Springs. He currently serves in the Utah State House of Representatives.

Jefferson received his B.A. in Political Science and his M.B.A. both Brigham Young University.

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.

Heidi Thorn

Heidi Thorn

Heidi is the president and CEO of Navitus Sustainable Industries, an emerging renewable power developer. Navitus provides innovative solutions for reliable base-load power generation and comprehensive recycling systems for communities, industry, and military installations. Currently, Navitus has nearly $250 million in projects under development, which will generate more than 50 megawatts of clean, renewable power.

Thorn has an extensive background in finance, securities, business development, and executive management. Previously with Morgan Stanley she oversaw investments and securities transactions and strategies, trading, as well as sourcing and advising various public finance, real estate, IPO, manufacturing and energy related transactions and businesses. Heidi holds several securities licenses, including Series 7, 66 and 31 Managed Futures.

Previously, Thorn helped successfully launch a startup financial services company and took it from a single state presence, generating less than $1 million in monthly transactions to, in less than three years, becoming the national industry leader - generating over $400 million in monthly transactions and nationwide presence. Thorn oversaw and developed multiple business channels, established national wholesale banking relations, government & regulatory relations, key strategic alliances, recruiting, training and other business development activities.

Thorn is actively involved with community and civic organizations. She has taught business & finance to elementary and junior high students as well as been a guest entrepreneur/mentor at Stanford University.

Brigham Tomco
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