Horsley Bridge hires endowment PE chief

The San Francisco-based fund of funds has hired Du Chai, who ran private equity at Northwestern University and was ‘integral’ in expanding the endowment’s emerging markets exposure.

Du Chai, the former managing director of private investments and real assets at Northwestern University, has joined tech and venture-focused fund of funds Horsley Bridge Partners.

The fund of funds hired Chai as a managing director and member of the investment committee.

Chai oversaw more than $2.5 billion in alternative assets, including venture capital and buyout fund investments, and helped develop the endowment’s private equity emerging markets strategy, specifically in China, according to a statement.

Horsley Bridge closed a European-focused fund of funds on $1.5 billion in 2009, and its ninth US-focused fund in 2008 on $1.76 billion.

The firm, based in San Francisco, focuses on growth equity and venture capital. It was founded in 1983 and has invested with managers including Accel Partners, Benchmark Partners, Terra Firma Capital Partners, Foundation Capital, Index Ventures and BC Partners.