Michael Clancey

Michael Clancey is a Minnesota-based institutional investment professional with a career centered on managing large pools of long-horizon capital. He spent roughly 14 years (2008–2022) at Portico Benefit Services — the Minneapolis-based benefits ministry of the Evangelical Lutheran Church in America (ELCA), formerly the ELCA Board of Pensions — where he held the role of Manager of Investment. Portico oversees retirement, health, and related benefit assets for pastors, rostered leaders, and staff of ELCA-affiliated organizations, and is known for an ESG- and social-purpose-aligned investment approach. Its investment team averages roughly 18 years of experience and supplements internal oversight with external managers, the environment in which Clancey worked.

After Portico, Clancey served briefly at the Minnesota State Board of Investment (SBI) (2022–2023), the entity that manages the state's pension and other funds — one of the larger public institutional investors in the country. In 2023 he joined Fiduciary Counselling, Inc. (St. Paul, MN), a long-established fiduciary advisory and administrative firm serving individuals, trusts, charitable organizations, corporations, and related family entities. There he is a Senior Investment Officer focused primarily on private markets, sourcing and conducting due diligence on Private Equity, Private Equity Real Estate, Private Energy, and Private Credit funds. The firm's leadership includes Craig Johnston (President).

Clancey holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations and a Series 63 registration, and is listed as an investment adviser representative in SEC/IAPD records with no disclosures.

• Invests as an institutional allocator / limited partner, not a startup angel — his work is selecting and diligencing external fund managers, not writing seed checks into companies.
• Current focus (at Fiduciary Counselling): private markets — Private Equity, Private Equity Real Estate, Private Energy, and Private Credit funds.
• Long-term, fiduciary orientation consistent with pension and charitable/endowment capital; at Portico this included ESG and social-purpose-aligned mandates reflecting ELCA social teachings.
• Emphasis on manager due diligence, asset allocation, and modern-portfolio-theory-based construction rather than single-company thesis bets.
• No publicly stated "what makes me say yes" thesis for direct/angel deals was found — because he does not appear to operate as an angel investor.