Investment Team – PRINCO

Investment Team

Andy Golden President

Andy became the third President of Princo in January 1995. He came to Princo from Duke Management Company where he was an Investment Director. He previously worked as a Senior Associate in the Investments Office at Yale University. Andy holds a B.A. in Philosophy from Duke University and an M.P.P.M. from the Yale School of Management. He earned the Chartered Financial Analyst designation and is a member of the New York Society of Security Analysts. Andy served as a founding member of the Investors’ Committee of the President’s Working Group on Financial Markets, and previously served as a member of the Board of Directors of the NAB Asset Corporation, a publicly-traded commercial loan workout specialist. He is a Trustee of the Princeton Area Community Foundation, Rita Allen Foundation and Rutgers Preparatory School. Before shifting his focus to investing, Andy was a professional photographer. A stand-up guy, Andy enjoys paddle boarding, and hopes to someday return to the pro-am shark wrestling circuit. He wishes he had time to learn golf — he wouldn’t use it to learn golf, but he wishes he had the time.

Jon Erickson Managing Director and Portfolio Strategist

Jon joined Princo in October 1998 and has been active across a broad spectrum of the Endowment. He focuses on asset allocation, investment strategy, and works across the portfolio, particularly providing senior leadership for Princo‘s efforts in marketable securities (comprising the Domestic Equity, International Equity, and Independent Return portfolios). Prior to joining Princo, Jon spent almost ten years at Credit Suisse First Boston. For his last assignment, he was a Vice President in the International Private Equity Group, with responsibility for investments in Latin America. He previously worked in First Boston’s Investment Banking and Public Finance departments. Jon received a B.S. in Economics summa cum laude from The Wharton School of the University of Pennsylvania in 1988, and he has earned the Chartered Financial Analyst designation. He is originally from the Philadelphia area, and desperately clings to the faint hope of an Eagles’ Super Bowl win in his lifetime. Jon enjoys spending time with his three children, particularly participating in outdoor activities (skiing, surfing, rock climbing, cow tipping). He is a member of the Board of the Trenton Circus Squad.

Jenn Birmingham Managing Director

Jennifer joined Princo in August 2010 to lead efforts in finance and operations. Prior to Princo, Jennifer spent over eight years at Deutsche Bank Asset Management where she was a Managing Director and Global CFO of DB Advisors and Deutsche Insurance Asset Management, Americas CFO of DWS Americas and various legal entities. Prior to Deutsche Bank, she worked nearly five years at Investors Bank and Trust Company as a Senior Manager responsible for mergers/acquisitions integration, budgeting, forecasting, and regulatory reporting. Jennifer began her career at Deloitte & Touche LLP where she worked in both auditing and consulting groups focusing on financial services and the healthcare industry. Jennifer earned a B.A. in Economics from Smith College and a certificate in accounting from Babson College. She is a CPA in Massachusetts and New York, and is on the board of the Carnassa Park Association in Princeton. Jennifer is a Boston native where she was raised the last of ten children. Go Nation! She currently lives in Princeton with her husband and their three children. In her next life, Jennifer would like to be a Food Network star.

Ted Karns Managing Director

Ted joined Princo in June 2008 and focuses primarily on Princeton’s private equity portfolio, including buyouts and venture capital. Prior to joining Princo, Ted advised insurance companies on their private equity, mezzanine and senior debt investments, initially at Bingham McCutchen LLP and subsequently at Delaware Investments. Ted earned a B.A. from George Washington University (1995), an M.A. from the University of Delaware (1999) and a J.D. from the University of Connecticut (2001), where he graduated first in his law school class. Ted is a past Board Member of the Institutional Limited Partners Association, a CAIA Charterholder, and a Member of the CFA Institute. Ted is originally from the Boston area and enjoys family vacations, golf, running races for Team Princo, and walking his dog on campus.

Jim Millar Managing Director

Jim joined Princo in 2008 to lead efforts in Private Equity. Prior to joining Princo, he spent over two decades in the venture capital industry investing in early-stage technology companies. Jim is a past Chairman and President of the Mid-Atlantic Capital Alliance and a former Member of the NASBIC Board of Governors. He began his career as a systems engineer designing microprocessors at Texas Instruments. Jim holds a B.S. cum laude in Engineering and Applied Science with Distinction in the Major from Yale University and received an M.B.A. with Distinction from The Wharton School of the University of Pennsylvania. He has been a frequent Guest Lecturer at Princeton University, Stanford University, and the University of Pennsylvania. He serves as President of the Princeton National Rowing Association and spends as much of his spare time as possible sculling on Carnegie Lake and rowing venues around the globe.

Theo Kim *06 Managing Director

Theo joined Princo in August 2006 and focuses primarily on Princeton’s real assets portfolio, including real estate and natural resources. Prior to Princeton, Theo worked as a software engineer at Oracle for two years. He earned a B.S. in Computer Science summa cum laude from Cornell University, and a Masters in Finance degree from Princeton’s Bendheim Center. He serves on the Finance and Investment Committee of the Rita Allen Foundation. Theo earned the CFA charter in 2009. Theo enjoys golf, snowboarding, and poker, and is a 2-Dan in Kendo.

David Lee Principal

David joined Princo in July 2010 and focuses primarily on the marketable portfolio. Prior to joining Princeton, David was an Associate in the Global Markets division of ABN AMRO in London. He earned a first-class honors degree in Economics and Econometrics from the University of York (UK), holds an M.S. with Distinction in Quantitative Finance from the University of Reading (UK), and received an M.B.A from the Yale School of Management. David received the Head of Department’s prize at York for the highest overall performance in his senior year. He earned the CFA charter in 2012. David is an avid Chelsea soccer club fan and enjoys world travel.

Amy Zhou ’08 Senior Associate

Amy joined Princo in August 2008. She graduated cum laude from Princeton with a B.S.E. in Operations Research and Financial Engineering and a certificate in Engineering and Management Systems. Amy is fluent in Mandarin Chinese, and earned the CFA charter in 2012. She has a big sweet tooth, and compensates by climbing fourteeners in Colorado, hiking along the canal, and playing frisbee golf.

Susan Ciniglio ’09 Senior Associate

Susan joined Princo full-time in August 2009 after working as a summer intern. She graduated summa cum laude from Princeton with an A.B. in Economics and a certificate in Finance. Susan is a member of Phi Beta Kappa and a recipient of the Quin Morton ’36 Writing Seminar Essay Prize, the Shapiro Prize for Academic Excellence, the Junior Prize in Economics, and the Class of 1939 Scholar Award (given to the senior who, at the end of the junior year, has achieved the highest academic standing for all prior work at Princeton). After leaving Princo for geographic reasons in August 2011, Susan returned in February 2013. She earned the CFA charter in 2015 and is a member of the New York Society of Security Analysts. When not at Princo, Susan enjoys visiting her native Florida, taking dance lessons with her husband, and winning at Trivial Pursuit.

Kathleen Bui Senior Analyst

Kathleen joined Princo in August 2011. She graduated magna cum laude from Haverford College in May 2011. She earned a B.A. with High Honors in Economics and minored in Mathematics. Kathleen is a member of Phi Beta Kappa and received the Economics Thesis Prize for her senior thesis on self-employment. She earned the CFA charter in 2015. When not working, Kathleen can be found whipping up delicious baked treats, typically something with chocolate!

Joe Edelmann ’13 Senior Analyst

Joe joined Princo in August 2013 after interning the previous summer. He graduated magna cum laude from Princeton with an A.B. in Economics. Joe is a member of Phi Beta Kappa. Outside of work, Joe spends his days melting faces and warming hearts as a guitarist, vocalist and songwriter for several bands. He devours TV shows, Spaghetti Westerns, spaghetti, and buffalo wings.

Peter Iskaros ’13 Senior Analyst

Peter joined Princo in August 2013 after interning the previous summer. He graduated magna cum laude from Princeton with a B.S.E. in Mechanical & Aerospace Engineering, and is a member of Phi Beta Kappa and Tau Beta Pi. He earned the CFA charter in 2017. In a former life, Peter built and fought robots in various Battlebots competitions. He also enjoys playing soccer and thinks Top Gear is one of the greatest television series of all time.

John McNamara ’14 Senior Analyst

John joined Princo in July 2014. He graduated summa cum laude from Princeton with an A.B. in Economics and a Certificate in Finance. He received both the Burton G. Malkiel *64 Senior Thesis Prize in Finance and the Halbert White ’72 Prize in Economics. John is a member of Phi Beta Kappa. Outside of work, John likes to travel, watch the Mets, and spend time at the Jersey Shore.

Jacqueline Lis ’15 Senior Analyst

Jacqueline joined Princo full-time in August 2015, after interning the previous summer. She graduated magna cum laude from Princeton with an A.B. in Economics and Certificates in Finance and Chinese Language and Culture. When she is not at her yoga studio, you can find her picking up dance moves from the latest pop music video, dreaming of summer days on a Minnesota lake, or reading anything by Mindy Kaling.

Elizabeth joined Princo in August 2016. She graduated summa cum laude from Princeton with an A.B. in History and received the Near Eastern Studies Thesis Prize for her thesis on Eastern Christian communities in Mesopotamia. Elizabeth is a member of Phi Beta Kappa. She enjoys singing, watching reruns of the West Wing, and fastidiously reading cookbooks.

Mitchell joined Princo in August 2017 after interning the previous summer. He graduated cum laude from Princeton with a A.B. in English and a Certificate in Spanish Language and Culture. He received the Class of 1958 Prize in Honor of Ernest Hemingway for his thesis on the impact of modern media on Virginia Woolf’s fiction. While Mitchell has no taste for fine wines, he is a veritable coffee snob, and spends most of his leisure time reading good books at even better cafés.

Manuel joined Princo in August 2017 after interning with Equinox Partners L.P. the previous summer. He graduated magna cum laude from Princeton with an A.B. in Philosophy. Manuel is fluent in Spanish. He is also an avid fan of Kanye West’s music, artwork, and fashion, and on the weekends he can be found playing tennis or traveling, usually while listening to one of Mr. West’s albums.