The University of Massachusetts Amherst

Daniel Feder ’84

Dan Feder is the senior investment manager for private equity and venture capital at Covariance Capital Management, an independent subsidiary of TIAA-CREF that provides outsourced investment management services to clients with long investments horizons, such as endowments and foundations. He has worked in the private securities industry for 25 years as an attorney and an investor. Previously, Feder was the managing director of private markets for the Sequoia Capital Heritage Fund where he helped develop an endowment style (multi-asset class) investment management service sponsored by Sequoia Capital. 

Prior to Sequoia Capital, Feder was the managing director of private equity and venture capital with the Princeton University Investment Company (“Princo”) – the investment office for Princeton University’s endowment. At Princo, Dan led the development of a $4.0 billion global private equity and venture capital portfolio, including 168 fund commitments in the U.S., Europe, Asia, Africa, Latin America, and Australia. Approximately half of the manager relationships established by Feder were instituted with newly-formed firms or firms raising their first institutional capital. Feder has served on the advisory boards of mover than 60 private equity and venture capital funds.

Feder began his career as an attorney in the area of corporate finance (private placements, buyouts, project financings,securitizations, bankruptcies, and corporate reorganizations). After serving as in-house counsel at CIGNA Investment Management, he joined the investment team at CIGNA as a vice-president and completed a broad range of transactions, including control buy-outs of middle market manufacturing and service companies. Prior to joining Princo, he was a Portfolio Manager in the private equity area at CalPERS.

Feder holds a B.A. cum laude in Political Science from UMass Amherst (1984), a J.D. cum laude from the Boston University School of Law (1987), and an M.A. in Economics from Trinity College (1997). He is a Fellow in the American College of Investment Counsel and has earned the Chartered Financial Analyst designation.