It goes without saying – nearly every sector globally has been affected by the Covid-19 pandemic. But for few sectors are those effects more evident than universities. From admissions to in-person classes to college sports, there’s hardly an element of the experience that hasn’t had to pivot quickly. So what about endowment investing? As universities face untold economic uncertainties and challenges, what impact has it had on the approach endowments take. Put differently, have the characteristics that make endowment investing different – from time horizons to information access and beyond – been helpful in navigating these new challenges? Daniel Feder is one to ask. Dan is a Managing Director with the University of Michigan Investment Office and leads the endowment’s investments in private equity and venture capital. Prior to joining Michigan, Dan was the Managing Director of Private Markets at the Washington University Investment Management Company. Previously, among other roles, Feder served asManaging Director of Private Markets for the Sequoia Capital Heritage Fund, Senior Investment Manager in the endowment services area at TIAA-CREF, and Managing Director at Princeton University Investment Company, the investment office for Princeton University’s endowment.