Key Takeaways
- • Brown University Chief Investment Officer Jane Dietze will leave the University on Dec. 31, according to a Tuesday news release, to become the inaugural CIO of the Fund for Science and Technology, a bioscience non-profit.
- • Joshua Kennedy '97, currently Brown's deputy CIO, will succeed Dietze as CIO, while Peter Levine '95, managing director of the Investment Office, will take over Kennedy's current role.
- • Under Dietze, who became CIO in 2018, Brown's endowment grew from $3.8 billion to $8 billion through 2025, though it still ranks lowest in the Ivy League per the University's 2025 endowment report.
- • Dietze earned around $4 million in 2024, making her Brown's highest-paid employee and more than President Christina Paxson, according to the University's most recent federal tax filings.
- • The leadership change follows the announcement last month that Paxson would step down at the end of the academic year.
Summary
Brown University's Chief Investment Officer Jane Dietze will depart the University on Dec. 31, according to a news release issued Tuesday. Dietze, who has overseen the endowment since 2018, will become the inaugural chief investment officer of the Fund for Science and Technology, a bioscience non-profit. According to the University's most recent federal tax filings, she earned around $4 million in 2024, more than President Christina Paxson earned in the same period.
Joshua Kennedy '97, Brown's current deputy chief investment officer, will assume Dietze's role. Peter Levine '95, the current managing director of the Investment Office, will take on Kennedy's existing responsibilities. Kennedy previously worked at the Wall Street Journal, multi-fund asset manager Liberty Square Asset Management, and hedge fund Sonian Capital Management. He holds a Brown degree in religious studies.
Paxson credited Dietze with a "remarkable legacy of achievement," noting that the endowment's performance has expanded the University's capacity to invest in people and priorities across campus. According to the University's 2025 endowment report, the endowment grew from $3.8 billion in 2018 to $8 billion in 2025, though it still ranks lowest among Ivy League schools. Levine told The Herald that Dietze "assembled an exceptional team and fostered a great culture."
The transition follows Paxson's announcement last month that she would step down at the end of the academic year. Dietze said she was deeply grateful for the opportunity to work alongside her colleagues and expressed confidence that the team led by Kennedy and Levine would continue to serve Brown well. The story is developing, and further details may follow.
Joshua Kennedy '97, Brown's current deputy chief investment officer, will assume Dietze's role. Peter Levine '95, the current managing director of the Investment Office, will take on Kennedy's existing responsibilities. Kennedy previously worked at the Wall Street Journal, multi-fund asset manager Liberty Square Asset Management, and hedge fund Sonian Capital Management. He holds a Brown degree in religious studies.
Paxson credited Dietze with a "remarkable legacy of achievement," noting that the endowment's performance has expanded the University's capacity to invest in people and priorities across campus. According to the University's 2025 endowment report, the endowment grew from $3.8 billion in 2018 to $8 billion in 2025, though it still ranks lowest among Ivy League schools. Levine told The Herald that Dietze "assembled an exceptional team and fostered a great culture."
The transition follows Paxson's announcement last month that she would step down at the end of the academic year. Dietze said she was deeply grateful for the opportunity to work alongside her colleagues and expressed confidence that the team led by Kennedy and Levine would continue to serve Brown well. The story is developing, and further details may follow.
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