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Larry Owen is a Senior Advisor for Asia Alternatives, focusing on special situations investments. Mr. Owen retired from the Stanford Management Company ("SMC") in 2006 and currently serves on several investment and advisory committees for real estate, special situations, natural resource and private equity funds.

While at Stanford, Mr. Owen's primary responsibility was managing the real estate and natural resources investment programs for Stanford. At the time of his retirement, the Stanford University endowment had a market value of $15.0 billion, of which more than 11.5% ($1.7 billion) was invested in real estate, including Stanford Shopping Center leasehold, several leaseholds in the Stanford Research Park, a portfolio of publicly traded real estate stocks and various commingled and separate investments. The natural resources portfolio, composed of oil, gas and timber partnerships, had a net market value of $1.0 billion, 6.7% of the endowment. In addition, there is approximately $1.5 billion in commitments across both asset classes.

Upon graduating from Stanford's Graduate Business School in 1971, Mr. Owen joined the school's Business and Finance Division as a financial analyst. In 1982, Mr. Owen moved to the investment side, where his primary responsibility was managing the real estate and natural resources investment programs for the SMC.

Over his career at Stanford, Mr. Owen managed 287 different investments for the Merged Endowment Pool. The total invested equity was $4.8 billion and resulted in a total net return to Stanford of $3.1 billion, or a 1.65x multiple of cost. The net internal rate of return over this period was 15.1% and the cumulative net return from 1985 to 2006 was 1,705%.

Mr. Owen earned his AB degree from Princeton University (cum laude in religion) and MBA from Stanford University.

 

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