October 10, 2013
UCLA Anderson Receives $5 Million Gift from Richard A. ('68) and Suzanne Kayne
Donation endorses school’s self-supporting efforts
LOS ANGELES (Oct. 10, 2013) - Richard A. (Ric) Kayne ('68), a UCLA Anderson School of Management alumnus and Board of Visitors member, and his wife, Suzanne, have donated $5 million to establish the Ric and Suzanne Kayne Investment Management Specialization Program Fund. The gift is intended to provide financial support for activities related to the school's Investment Management Specialization Program, which focuses on teaching, program development and delivery, research, student aid, technology and administrative operations of the school.
"Ric is highly-regarded in the investment community and this program is so fitting to his legacy," said UCLA Anderson Dean Judy Olian. "He and his wife, Suzanne, have been engaged with our school for many years, and have been particularly strong supporters of the transition of our MBA program to a self-supporting model."
Mr. Kayne is the founder and chairman of Kayne Anderson Capital Advisors, a Los Angeles-based manager of alternative investment funds. The firm serves a distinguished client list of institutions, endowments, foundations, family offices and high net worth individuals, managing more than $23 billion in assets. The firm is recognized as an industry leader in several niches in the investment world, including energy and energy infrastructure.
"We are confident of the bright future of UCLA Anderson," said Ric Kayne. "Our gift is an investment and endorsement of UCLA Anderson's self-supporting effort. Philanthropic support is vital now more than ever, as UCLA Anderson must stand on its own financial footing and continue as one of the leading business schools in the country, indeed in the world. We are excited about the opportunity to help build the next generation of investment managers."
A longtime partner of John E. Anderson, Mr. Kayne also co-founded Kayne Anderson Rudnick, a traditional investment management firm. He grew that firm to more than $10 billion in assets under management and sold it in 2001 to the Phoenix Companies.
Mr. Kayne is a trustee and former chairman of the Investment Committee of the University of California at Los Angeles (UCLA) Foundation and is a trustee of and former co-chairman of the Investment Committee of the Jewish Community Foundation of Los Angeles.
Mr. Kayne earned a Bachelor of Science degree in Statistics from Stanford University in 1966 and a Masters of Business Administration from the University of California, Los Angeles in 1968. Mrs. Kayne is active in a variety of community and philanthropic activities. She received her Bachelor of Arts degree from the University of North Carolina.
About UCLA Anderson School of Management
UCLA Anderson School of Management is among the leading business schools in the world, with faculty members globally renowned for their teaching excellence and research in advancing management thinking. Located in Los Angeles, gateway to the growing economies of Latin America and Asia and a city that personifies innovation in a diverse range of endeavors, UCLA Anderson's MBA, Fully-Employed MBA, Executive MBA, Global Executive MBA for Asia Pacific, Global Executive MBA for the Americas, Master of Financial Engineering, doctoral and executive education programs embody the school's Think In The Next ethos. Here some 1,800 students annually are trained to be global leaders seeking the business models and community solutions of tomorrow. Follow UCLA Anderson on Twitter at http://twitter.com/UCLAAnderson, or on Facebook at http://www.facebook.com/uclaanderson.Contact Information
UCLA Anderson Office of Media Relations, (310) 206-7707, Media.firstname.lastname@example.org