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Dharini Shukla

Vice President

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At a glance

Full Name
Dharini S. Shukla
Title
Finance & Strategy, Partnerships (current, at Stripe); formerly Vice President
Firm
Stripe (current). Prior investment firms: Makena Capital Management, FFL Partners, Madison Dearborn Partners
Firm Type
Institutional private equity / venture capital and endowment-style asset management — not an angel investor (see note below)
Investment Stage
Growth equity / buyout and multi-asset-class institutional investing; no evidence of personal seed/angel investing
Sector Focus
Technology, financial services, education technology, and diversified private markets
Geographic Focus
United States
Location
California, United States (previously Chicago, IL)

Background

Dharini Shukla is a finance and investment professional who built her career in institutional private equity and venture capital before moving into corporate finance and strategy at Stripe. She holds an MBA from the Stanford Graduate School of Business (2015–2017) and a Master of Arts from Stanford University. During business school she took on investing-adjacent roles, including MBA Summer Associate at Owl Ventures (an education-technology venture firm) and MBA Consultant at The Vistria Group (a Chicago middle-market private equity firm).

After Stanford, she joined Madison Dearborn Partners (MDP) in Chicago — one of the largest and oldest U.S. private equity firms, founded in 1992, with more than $31 billion raised across eight funds and investments in 160+ companies. She served there as a Senior Associate (June 2018–March 2020) and then Vice President (March 2020–September 2021), the role and firm reflected in the stub's contact data. MDP invests across verticals including financial services, technology, healthcare, and basic industries.

She subsequently was a Vice President at FFL Partners (August 2021–September 2022), a San Francisco-based private equity firm, and then Vice President, Private Equity & Venture Capital at Makena Capital Management (from October 2022), an endowment-model investment manager that allocates across diversified asset classes and manages capital for institutions and families. In these roles she was on the institutional/allocator side of investing rather than acting as an individual angel.

Most recently she has worked in Finance & Strategy – Partnerships at Stripe, the payments technology company, where her focus is corporate financial strategy tied to Stripe's partnership initiatives rather than external investing. Her trajectory — edtech venture, buyout, growth equity, and multi-asset endowment investing, capped by an operating-side finance role at a major fintech — reflects broad private-markets experience concentrated in technology and financial services.

Investment Thesis & Focus

  • No publicly stated personal investment thesis or independent angel/seed mandate could be found; the points below describe the institutional mandates of the firms where she has invested.
  • Private equity (MDP, FFL): control and growth investments in established, cash-generative businesses — sectors such as financial services, technology, healthcare, and consumer/business services in the U.S.
  • Venture / edtech exposure (Owl Ventures): early exposure to education-technology venture investing during her MBA.
  • Endowment / multi-asset (Makena): diversified private-markets investing across private equity and venture capital as an institutional allocator/limited partner.
  • What likely earns a "yes" in these roles: strong unit economics, defensible market positions, and quality management teams — consistent with buyout and growth-equity underwriting rather than pre-revenue seed bets.

Notable Investments

  • No specific portfolio companies or deals are publicly attributed to Ms. Shukla as an individual. Her deal work sat inside institutional funds and is not disclosed under her name.
  • Firm context (not personally attributed): at Madison Dearborn Partners she worked within MDP's technology and financial-services investing; MDP's fund at the time was Madison Dearborn Capital Partners VIII (~$5.0B). At Makena Capital she participated in diversified PE/VC allocations. These are provided as background, not as deals she personally sourced or led.

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