University Connection
The University of Richmond was founded in 1830 and today is among the nation’s leading liberal arts universities. Its $3.5 billion endowment fosters academic innovation, provides opportunities to talented students of all backgrounds, and engages local and global communities. This strong foundation and history of outstanding stewardship is the bedrock upon which Spider is built.
Spider Management was established as the investment office for the University of Richmond in 2001, and in 2008 it began offering investment services to like-minded non-profit institutions. We also bring that expertise to bear for other endowments and foundations, partnering with them to deliver a particular type of investment philosophy. Unlike most of our competitors, we are not accountable to public shareholders or individual owners. We are investing for current and future generations. Given the important missions of the University and our partners, we have a lot to protect.
The endowment supports a significant portion of the University of Richmond’s annual operating expense. It helps the University attract top students, faculty, and staff by giving them opportunities to pursue unique and critical education and research. In addition, the endowment helps to fund major initiatives and scholarships that enable admitted students to afford a University of Richmond education regardless of their economic circumstances.
“The University of Richmond’s endowment is a bedrock of our financial health and a strategic advantage for our University. We invest our endowed funds in partnership with nonprofits, together sharing the expertise of Spider Management and benefiting from a mature and diversified portfolio.
Community engagement is a central pillar of our educational mission, and we are grateful to continue this partnership with so many great organizations.”
This material is neither an offer to sell nor a solicitation of an offer to buy interests in any investment fund managed by Spider Management Company, LLC (“Spider Management”) or its affiliates. Any such offering can be made only in accordance with the terms of the private placement memorandum and other governing documents. This is for informational purposes only. More information about Spider Management, its investment strategies, objectives and expenses can be found in Form ADV Part 2, which is available upon request.
There can be no assurance that the investment objectives of any account or fund managed by Spider Management will be achieved or that its historical performance is indicative of the performance it will achieve in the future. Spider Management does not warrant the accuracy, adequacy, completeness, timeliness or availability of any information provided by non-Spider Management sources. All market outlooks, themes, strategies, allocations and holdings discussed herein are subject to change.
Information shown is as of 6/30/2025 unless otherwise noted. Historical performance has been audited through 6/30/2025. Past performance is not indicative of future results.