-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K/yIBezz+V5H0uwFrr6//PEh1bM4fAUXfNIba7FylcVqFn44dVlnfbB17+fBpixp 0cAnm1u4BYVeCs+5jhAueg== 0001144204-08-044488.txt : 20080807 0001144204-08-044488.hdr.sgml : 20080807 20080807140015 ACCESSION NUMBER: 0001144204-08-044488 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080807 DATE AS OF CHANGE: 20080807 GROUP MEMBERS: BLACKWELL PARTNERS LLC GROUP MEMBERS: DUMAC, LLC GROUP MEMBERS: EMPLOYEES' RETIREMENT PLAN OF DUKE UNIVERSITY GROUP MEMBERS: THE DUKE ENDOWMENT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Specialty Underwriters Alliance, Inc. CENTRAL INDEX KEY: 0001297568 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 200432760 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-80472 FILM NUMBER: 08997824 BUSINESS ADDRESS: STREET 1: 222 S. RIVERSIDE PLAZA CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: (312) 277-1600 MAIL ADDRESS: STREET 1: 222 S. RIVERSIDE PLAZA CITY: CHICAGO STATE: IL ZIP: 60606 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Duke University CENTRAL INDEX KEY: 0001439873 IRS NUMBER: 560532129 STATE OF INCORPORATION: NC FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: DUKE UNIVERSITY CITY: DURHAM STATE: NC ZIP: 27708 BUSINESS PHONE: (919) 668-9995 MAIL ADDRESS: STREET 1: C/O DUMAC, LLC, 406 BLACKWELL STREET STREET 2: SUITE 300 CITY: DURHAM STATE: NC ZIP: 27701 SC 13G 1 v122341_sc13g.htm Unassociated Document
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________

SCHEDULE 13G
Under the Securities Exchange Act of 1934


Specialty Underwriters Alliance, Inc.
_______________________________________________________________
(Name of Issuer)


Common Stock
_______________________________________________________________
(Title of Class of Securities)


84751T309
______________________________________________________________
(CUSIP Number)


January 29, 2007
______________________________________________________________
(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which the Schedule is filed:

o Rule 13d-1(b)

x Rule 13d-1(c)

o Rule 13d-1(d)


CUSIP No. 84751T309
13G
 
 
 
1.
NAMES OF REPORTING PERSONS
 
Duke University
 
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
56-0532129
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) x
3.
SEC USE ONLY
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
North Carolina
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.
SOLE VOTING POWER
 
525,000
6.
SHARED VOTING POWER
 
253,175
7.
SOLE DISPOSITIVE POWER
 
525,000
8.
SHARED DISPOSITIVE POWER
 
253,175
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
778,175
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
o
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
5.29%
12.
TYPE OF REPORTING PERSON
 
OO


CUSIP No. 84751T309
13G
 
 
 
1.
NAMES OF REPORTING PERSONS
 
The Duke Endowment
 
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
56-0529965
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) x
3.
SEC USE ONLY
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
North Carolina
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.
SOLE VOTING POWER
 
0
6.
SHARED VOTING POWER
 
71,500
7.
SOLE DISPOSITIVE POWER
 
0
8.
SHARED DISPOSITIVE POWER
 
71,500
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
71,500
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
o
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
0.49%
12.
TYPE OF REPORTING PERSON
 
OO


CUSIP No. 84751T309
13G
 
 
 
1.
NAMES OF REPORTING PERSONS
 
DUMAC, LLC
 
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
65-1319939
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) x
3.
SEC USE ONLY
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
North Carolina
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.
SOLE VOTING POWER
 
0
6.
SHARED VOTING POWER
 
325,000
7.
SOLE DISPOSITIVE POWER
 
0
8.
SHARED DISPOSITIVE POWER
 
325,000
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
325,000
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
o
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
2.21%
12.
TYPE OF REPORTING PERSON
 
IA
 

CUSIP No. 84751T309
13G
 
 
 
1.
NAMES OF REPORTING PERSONS
 
Blackwell Partners LLC
 
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
20-8075455
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) x
3.
SEC USE ONLY
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Georgia
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.
SOLE VOTING POWER
 
0
6.
SHARED VOTING POWER
 
325,000
7.
SOLE DISPOSITIVE POWER
 
0
8.
SHARED DISPOSITIVE POWER
 
325,000
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
325,000
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
o
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
2.21%
12.
TYPE OF REPORTING PERSON
 
IV


CUSIP No. 84751T309
13G
 
 
 
1.
NAMES OF REPORTING PERSONS
 
Employees’ Retirement Plan of Duke University
 
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
58-2255087
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) x
3.
SEC USE ONLY
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
North Carolina
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.
SOLE VOTING POWER
 
91,000
6.
SHARED VOTING POWER
 
0
7.
SOLE DISPOSITIVE POWER
 
91,000
8.
SHARED DISPOSITIVE POWER
 
0
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
91,000
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
o
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
0.62%
12.
TYPE OF REPORTING PERSON
 
EP


Item 1(a).
Name of Issuer:

Specialty Underwriters Alliance, Inc.

Item 1(b).
Address of Issuer’s Principal Executive Offices:

222 S. Riverside Plaza
Chicago, IL 60606

Item 2(b).
Name of Person Filing:

Duke University

The Duke Endowment

DUMAC, LLC

Blackwell Partners LLC

Employees’ Retirement Plan of Duke University
 
Item 2(b).
Address of Principal Business Office:
 
Duke University
c/o DUMAC, LLC
406 Blackwell Street, Suite 300
Durham, NC 27701

The Duke Endowment
c/o DUMAC, LLC
406 Blackwell Street, Suite 300
Durham, NC 27701
 
DUMAC, LLC
406 Blackwell Street, Suite 300
Durham, NC 27701

Blackwell Partners LLC
c/o DUMAC, LLC
406 Blackwell Street, Suite 300
Durham, NC 27701

Employees’ Retirement Plan of Duke University
c/o DUMAC, LLC
406 Blackwell Street, Suite 300
Durham, NC 27701

Item 2(c).
Citizenship:

Duke University
North Carolina
 
 
 
 
 
The Duke Endowment
North Carolina

DUMAC, LLC
North Carolina

Blackwell Partners LLC
Georgia

Employees’ Retirement Plan of Duke University
North Carolina

Item 2(d).
Title of Class of Securities

Common Stock, $0.01 par value

Item 2(e).
CUSIP Number:

84751T309

 
 
 

Item 3.
If this statement is filed pursuant to rule 240.13d-1(b) or 240.13d-2(b) or (c), check whetherthe person filing is a:

(a)
___
Broker or dealer registered under Section 15 of the Act.
 
 
 
(b)
___
Bank as defined in Section 3(a)(6) of the Act.
 
 
 
(c)
___
Insurance company as defined in Section 3(a)(19) of the Act.
 
 
 
(d)
___
Investment company registered under Section 8 of the Investment Company Act of 1940.
 
 
 
(e)
___
An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).
 
 
 
(f)
___
An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F).
 
 
 
(g)
___
A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G).
 
 
 
(h)
___
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
 
 
 
(i)
___
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940.
 
 
 
(j)
___
Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
 
Item 4.
Ownership
 
DUMAC, LLC (“DUMAC”) is a North Carolina limited liability company formed by Duke University and The Duke Endowment, a charitable trust established in 1924 by James B. Duke, to provide the members and their affiliated entities with investment management services on a not-for-profit basis. Duke University owns approximately 74% of the membership interests in DUMAC, while The Duke Endowment owns the remainder, or approximately 26%. As a result, Duke University is deemed to control DUMAC. Blackwell Partners LLC (“Blackwell”) is a Georgia limited liability company through which Duke University and the Duke Endowment make certain of their segregated account investments. Each of Duke University, the Duke Endowment and Blackwell receive investment management services from DUMAC.

As of the date of this filing, Blackwell holds and beneficially owns 325,000 shares of common stock of Specialty Underwriters Alliance, Inc. (“Specialty Underwriters”), which constitutes approximately 2.21% of Specialty Underwriters’ outstanding common shares as reported in its Quarterly Report on Form 10-Q filed on May 12, 2008. DUMAC has been granted sole discretion over all investment and voting decisions for the shares held by Blackwell on behalf of Duke University and The Duke Endowment. As a result, DUMAC shares beneficial ownership of these 325,000 shares with Blackwell.
 
 
 
 
 
The Duke Endowment owns approximately 22.0% of the membership interests of Blackwell. As a result, The Duke Endowment beneficially owns approximately 71,500 shares of Specialty Underwriters’ common stock held by Blackwell.

Duke University owns approximately 77.9% of the membership interests of Blackwell through its wholly-owned subsidiary, Gothic Corporation. As a result, Duke University is deemed to control Blackwell and beneficially owns approximately 253,175 shares of Specialty Underwriters’ common stock held by Blackwell. Additionally, as of the same date, Duke University directly holds and beneficially owns 525,000 shares of common stock of Specialty Underwriters, which constitutes approximately 3.57% of Specialty Underwriters’ outstanding common shares.

The Employees’ Retirement Plan of Duke University directly holds and beneficially owns 91,000 shares of Specialty Underwriters’ common stock as of the same date, which constitutes approximately 0.62% of Specialty Underwriters’ outstanding common shares. Both Duke University and the Employees’ Retirement Plan of Duke University have sole power to vote and to dispose of the shares each holds directly.

None of Duke University, The Duke Endowment, DUMAC, Blackwell nor the Employees’ Retirement Plan of Duke University individually owns more than five percent of Specialty Underwriters’ outstanding common stock; however, collectively they own approximately 6.40% of Specialty Underwriters’ common stock. This Schedule 13G has been filed for informational purposes to reflect that DUMAC makes investment decisions for each of Duke University, The Duke Endowment, Blackwell and the Employees’ Retirement Plan of Duke University.

Item 5.
Ownership of Five Percent or Less of Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following o.

Item 6.
Ownership of More Than 5 Percent on Behalf of Another Person

Not applicable.
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

Not Applicable.
 
Item 8.
Identification and Classification of Members of the Group

Not Applicable.

Item 9.
Notice of Dissolution of Group

Not Applicable.
 
Item 10.
Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
 
 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DATED: August 7, 2008
 
     
  Duke University
 
 		  
 		  
 
By:   /s/ Bart J. Brunk
 
Name:  Bart J. Brunk
 
Title:  Controller, DUMAC, LLC
 
     
 
DUMAC, LLC
 
 		  
 		  
 
By:   /s/ Bart J. Brunk
 
Name:  Bart J. Brunk
 
Title:  Controller, DUMAC, LLC
 
     
 
Blackwell Partners LLC
 
 		  
 		  
 
By:   /s/ Bart J. Brunk
 
Name:  Bart J. Brunk
 
Title:  Controller, DUMAC, LLC
 
     
 
The Duke Endowment
 
 		  
 		  
 
By:   /s/ Bart J. Brunk
 
Name:  Bart J. Brunk
 
Title:  Controller, DUMAC, LLC
 
     
 
Employees’ Retirement Plan of Duke University
 
 		  
 		  
 
By:   /s/ Bart J. Brunk
 
Name:  Bart J. Brunk
 
Title:  Controller, DUMAC, LLC
 
 
 
 
 
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