MITIMCo was created in 2004 as a dedicated division of MIT to steward the Institute’s long-term investments

The new structure separated the management and investment of MIT’s endowment and financial resources from the MIT Treasurer’s office, which oversees MIT’s day-to-day finances and operations.

The current MITIMCo team, led by President Seth Alexander, took over in 2006.

With consistent leadership, MITIMCo has evolved considerably in its organization and approach across the three groups of Cambridge Real Estate, Global Investment Staff, and Operations.

2004

MITIMCo established as a separate division of MIT to manage MIT’s endowment. Previously, MIT’s Treasurer managed MIT’s endowment

2000 – 2006

Redevelopment of Technology Square

MIT acquired Technology Square in 2000 and oversaw the redevelopment of the project, transforming the office park into a 1.1 million-square-foot life science center with retail amenities and eventually selling the buildings in 2006

2010

Operations established structured trading arrangements and separate accounts to better tailor risk and support MITIMCo’s differentiated investment approach

2012

Global Investment Staff created our Emerging Manager Program to partner with the next generation of investment talent without typical institutional rules about size of assets under management or years of experience

2013

The Global Investment Staff removed titles on the investment team to empower team members at all levels of experience

2014

Global Investment Staff developed a framework to move our approach away from top-down asset allocation towards a more bottom-up, manager-centric approach

2010 – 2015

Operations established new functions in legal services, human resources, technology, and analytics to further empower the investment focus of the Global Investment Staff and Cambridge Real Estate

1980s – 2016

University Park Site Acquisitions and Development

Beginning in the early 1980s, MIT commenced the University Park development. Over a 20-year period, MITIMCo’s Real Estate team transformed it into a 2.8 million square-foot mixed-use development

2002 -2016

Development of Osborn Triangle and 700 Main Street

MITIMCo’s Real Estate team developed the Osborn Triangle site between 2002 and 2016, completing the renovation of an historic building and development of two new research buildings on the site. The complex, totaling approximately 680,000 square feet, is home to Pfizer, a major pharmaceutical company, and LabCentral, one of the first life science incubators in the country

2018

Operations initiated a multi-year overhaul of our data process to ensure our investment team members have best in class data and reporting to guide investment and risk management decisions

2021

Global Investment Staff created the website www.emergingmanagers.org to share resources with emerging managers to help them succeed

2019 – 2024

Operations established new structures and platforms to better support our investment manager partners including emerging managers

2013 – Present

Kendall Square Initiative

In 2013, MITIMCo’s Real Estate team completed a rezoning of MIT academic and investment property to create a mixed-use development in the heart of Kendall Square’s innovation district. The ongoing development of surface parking lots on MIT’s campus and adjacent parcels includes the development of 1.8 million-square-feet of office and laboratory buildings, graduate student housing, 300 residential units, and ground floor retail

2017 – Present

Redevelopment of Kendall Common (formerly known as Volpe)

In 2017, MIT signed an exchange agreement with the federal government to develop a new state-of-the-art facility for the Volpe Transportation Center and acquired the remaining 10 acres of the Volpe site. MITIMCo’s Real Estate team completed a rezoning and master plan development process of the site and is advancing plans to develop 2.8 million-square-feet across four commercial buildings, four residential buildings, four parks, a community center, and ground floor retail throughout the project

Our History