Dalio Family Office Lands YMCA Retirement Fund’s Head of Private Investments

By David G. Barry

The head of the YMCA Retirement Fund’s private investments program has left to join the family office of Bridgewater Associates Founder Ray Dalio and his wife, Barbara.

Ivan Manolov is now a senior portfolio manager for Dalio Family Office, according to his LinkedIn profile. The office manages assets of more than $15 billion and is led by Chief Investment Officer Bruce Zimmerman, the former CIO and CEO of the University of Texas Investment Management Co. (UTIMCO).

Manolov spent nearly 11 years with the YMCA Retirement Fund, which manages $8.7 billion. Starting as an associate, he became a private equity-focused portfolio manager in 2014 and in 2019, was promoted to senior portfolio manager for private investments. In that role, he oversaw private equity, venture capital, real estate and natural resources.

Hunter Reisner, the YMCA Retirement Fund’s CIO, said the fund has not named a replacement for Manolov and is not currently searching for one.

According to its website, the fund has three investment directors involved in its private markets’ activities.

Erik Strobel, who joined in 2017, is responsible for overseeing its private equity and venture capital investment portfolios. Erik Moss, who came aboard in 2016, is involved in manager selection and ongoing due diligence across private markets with primarily responsibilities in the real estate and natural resources portfolios. And John Maimone-Medwick is primarily involved in the real estate, natural resources, private equity, venture capital, and diversifying asset classes.

The fund also recently promoted Mark Sinni to deputy CIO. He has led the team’s efforts across marketable strategies, including public equities, a variety of hedge fund strategies, fixed income and certain special situations.