Key Takeaways
- • Brown University's chief investment officer Jane Dietze will depart at year-end 2026 to become the first CIO of the Fund for Science and Technology, marking a leadership transition at a major endowment.
- • Joshua Kennedy, currently deputy CIO, will assume the role of chief investment officer, while Peter Levine will be promoted to deputy CIO.
- • Brown's endowment grew substantially from $3.2 billion to $8 billion over the past decade under Dietze's leadership, demonstrating significant asset growth during her tenure.
Summary
Brown University announced a leadership transition in its Investment Office, with Chief Investment Officer Jane Dietze set to depart at the conclusion of 2026 to lead the newly established Fund for Science and Technology as its first chief investment officer. The move represents a significant organizational change for one of the country's major university endowments.
Joshua Kennedy will succeed Dietze as CIO, while Peter Levine will advance to the position of deputy CIO. The promotions reflect continuity in leadership within Brown's investment management structure, maintaining institutional knowledge during the transition period.
Dietze's tenure at Brown has been marked by substantial endowment growth. Under her leadership, the university's endowment expanded from $3.2 billion to $8 billion over the past decade—an increase of approximately 150 percent. This growth trajectory reflects both investment performance and capital contributions, positioning Brown among the largest university endowments in the United States. Her departure to establish and lead the Fund for Science and Technology represents a significant opportunity within the broader philanthropic and scientific funding landscape.
The succession plan ensures leadership continuity while enabling Dietze to pursue a new role focused on science and technology funding priorities. Kennedy's advancement from deputy to chief investment officer maintains operational stability within the endowment's investment strategy during a period of transition.
Joshua Kennedy will succeed Dietze as CIO, while Peter Levine will advance to the position of deputy CIO. The promotions reflect continuity in leadership within Brown's investment management structure, maintaining institutional knowledge during the transition period.
Dietze's tenure at Brown has been marked by substantial endowment growth. Under her leadership, the university's endowment expanded from $3.2 billion to $8 billion over the past decade—an increase of approximately 150 percent. This growth trajectory reflects both investment performance and capital contributions, positioning Brown among the largest university endowments in the United States. Her departure to establish and lead the Fund for Science and Technology represents a significant opportunity within the broader philanthropic and scientific funding landscape.
The succession plan ensures leadership continuity while enabling Dietze to pursue a new role focused on science and technology funding priorities. Kennedy's advancement from deputy to chief investment officer maintains operational stability within the endowment's investment strategy during a period of transition.
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