Sallie Shuping-Russell, Chair

Managing Director, BlackRock Private Equity Partners

Former UNC Trustee & UNC Healthcare Director

Sallie Shuping-Russell has been investing institutional portfolios over 30 years, with a specialty in alternative assets. She was an early, sometimes founding, investor in many of today’s leading private equity, venture capital and energy firms. She is currently a managing director at BlackRock, specializing in its Private Equity Partners (PEP) group. Prior to that she was a partner at Quellos Group, which was acquired by BlackRock in 2007. She recently began a gradual retirement and today serves as a Senior Advisor within PEP.

Ms. Russell began her career as a consultant with Cambridge Associates in Boston then returned to North Carolina as a Vice President of McMillian/Eubanks Capital Management, where her focus was on private investments. She spent 15 years managing the endowment of Duke University, where she helped found DUMAC. She also was director of private assets and vice president of the firm. During that time Duke led the nation in the return on its endowment, led by its private investment portfolio returns. In 2001 Ms. Russell left Duke to become a general partner of Intersouth Partners, an early stage venture capital firm, after which she joined Quellos. Ms. Russell was a member of the UNC-CH Board of Trustees from 2006-2015, where she served as Board Secretary (2013-2015), Chair of its Finance and Audit Committee (2009-2013), and Chair of its Enterprise Risk Management Task Force (2014-15). She has been a member of the University’s Investment Boards since 1996 and is currently Vice Chairman of the UNC Investment Fund. She was formerly on the Board of UNC Healthcare System.

Ms. Russell has been active in technology and entrepreneurial efforts in the nation and state for more than two decades. From 2001 to 2005 Ms. Russell was on the Board of the NC Biotechnology Center and also was a member of its Executive Committee. Earlier she was on the Gov. Hunt’s Council for Entrepreneurial Development and the Technology Development Commission. Ms. Russell also served on the Board and Executive Committee of the Council for Entrepreneurial Development (CED) in the early 2000s. Ms. Russell holds a BA in English and Political Science from UNC-CH and an MBA in Finance and Economics from Columbia University Business School.