The sub-advisors are retained to perform specific asset class services in accordance with The Community Foundation for Greater New Haven Inc.'si (The Corporation) long-term asset allocation model for the Commingled Fundii. The Corporation includes the endowment of the Valley Community Foundation in accordance with an Affiliation Agreement between the Valley Community Foundation and The Community Foundation for Greater New Haven.

The sub-advisorsiii currently retained are:

Asset Class Manager Strategy / Style
Global Equity Adage Capital Partners (2006) Large Cap
Global Equity Ashe (2014) Concentrated
Global Equity Health Care Investment Fund (2012) Concentrated
Global Equity Barker LP (2016) Concentrated
Global Equity Darlington Partners (2020) Concentrated
Global Equity Global Equity Ampfield (2020) Concentrated
Global Equity Artisan (2012) Large Cap
Global Equity Cevian Partners (2011) Large/Mid-Cap
Global Equity Effisimo (2015) Japan
Global Equity Highclere (2014) Emerging Markets
Global Equity Mondrian Partners (2010) Emerging Markets
Global Equity Tybourne Capital (2016) All-Cap
Global Equity Westwood (2015) Emerging Markets
Bonds Colchester Global (2008) Global Sovereign
Bonds Mondrian Partners (2010) Emerging Markets
Bonds I R & M (2010) TIPS
Bonds Vanguard (2010) Treasuries
Hedged Bayberry Capital (2019) L/S Equity
Hedged Canyon Value, Ltd. (2013) Credit
Hedged Hengistbury Investment Partners (2017) L/S Equity
Hedged Half-Sky (2017) L/S Equity
Hedged Kontiki Capital Management (2018) L/S Equity
Hedged Nitorum Capital (2016) L/S Equity
Hedged Permian Capital (2015) L/S Equity
Hedged Soapstone Capital (2018) L/S Equity
Hedged Tenzing Global (2020) L/S Equity
Private Assets 5AM (2018) Private Equity
Private Assets Altas Partners (2019) Private Equity
Private Assets Base 10 Ventures (2019) Private Equity
Private Assets Brookdale Investors (2019) Real Estate
Private Assets Denham (2012) Commodities
Private Assets GEM Realty Capital (2013) Real Estate
Private Assets Eightfold Capital (2016) Credit-CMBS
Private Assets Healthy Ventures (2017) Private Equity
Private Assets Juniper Capital (2016) Private Equity
Private Assets LBA Realty (2009) Real Estate
Private Assets Lakestar, Ltd. (2019) Private Equity
Private Assets Merit Energy (2011) Private Equity
Private Assets Metropolitan (2005) Real Estate
Private Assets Patron Capital Partners (2015) Real Estate
Private Assets Permit (2013) Private Equity
Private Assets Precursor Ventures (2018) Private Equity
Private Assets Raven Capital Management (2015) Private Equity
Private Assets Resource Land Holdings (2015) Private Equity
Private Assets Shorenstein Fund Nine (2008) Real Estate
Private Assets TIFF Partners (1999) Private Equity
Private Assets Varde (2008) Private Equity
Private Assets Warburg Pincus (2014) Private Equity

i A Connecticut registered investment adviser.
ii Approved by The Community Foundation's Investment Committee.
iiiAs of 9 September 2020.