Shift to smaller, asymmetric venture funds
The speaker argued that their endowment's private portfolio should lean harder into smaller venture funds ($200M and below) for greater asymmetric return potential (50x-80x outcomes) versus established managers.
Sign in to read the full idea
The argument, what validates it, the risks discussed and hearing it from the source are for signed-in members. Free accounts read 3 ideas in full a day. No card required.
The story so far
CONTESTED · 206 MENTIONS · 114 EPISODES · 29 SHOWS
30 JUN 2025 — 15 AUG 2026 · 3D AGO
85 SUPPORT · 8 CHALLENGE · 2 REPEAT · 111 MENTIONED
- THE ALPHA EXCHANGE
36 EPISODES BETWEEN · 70 MENTIONS · 54 NOT KEPT
- 54 EPISODES NOT SHOWN
- MASTERS IN BUSINESS · 2 MENTIONS
- CAPITAL ALLOCATORS · 2 MENTIONS
- THE LONG VIEW
- THE DERIVATIVE · 3 MENTIONS
- TOP TRADERS UNPLUGGED
- WE STUDY BILLIONAIRES - THE INVESTORS PODCAST NETWORK
- THE MEB FABER SHOW · 2 MENTIONS
- CAPITAL ALLOCATORS
- CAPITAL ALLOCATORS · 6 MENTIONS
- Fee focus on net returns, not absolute levels
- Pay for alpha, not beta or luck in alternatives
- Flexible portfolio with elevated cash for downturn optionality
- Forward-looking factor-based portfolio construction
- Manager selection via disaggregation, paying only for skill
- Private equity tilted to venture, small buyout
- CAPITAL ALLOCATORS · 4 MENTIONS
- CAPITAL ALLOCATORS · 3 MENTIONS
- THE MEB FABER SHOW
- WHAT BITCOIN DID
- AFFORD ANYTHING
- THE JULIA LA ROCHE SHOW · 2 MENTIONS
- THE LONG VIEW · 3 MENTIONS
- GOLDMAN SACHS EXCHANGES
- YET ANOTHER VALUE PODCAST · 2 MENTIONS
- ANIMAL SPIRITS
- CAPITAL ALLOCATORS · 5 MENTIONS
- THE COMPOUND AND FRIENDS · 2 MENTIONS
- THE JULIA LA ROCHE SHOW
- CAPITAL ALLOCATORS
- THE LONG VIEW
- FORWARD GUIDANCE
- MASTERS IN BUSINESS
- THE DERIVATIVE · 3 MENTIONS
- THE MEB FABER SHOW · 3 MENTIONS
- MASTERS IN BUSINESS
- THE RATIONAL REMINDER PODCAST
- ANIMAL SPIRITS
- CAPITAL ALLOCATORS
- CAPITAL ALLOCATORS
- THE RATIONAL REMINDER PODCAST · 6 MENTIONS
- Illiquidity as a trade-off for smoothed volatility
- Private vs public real estate performance parity
- Private market sales pitch: higher return, lower risk
- Core critique: private assets' risk/return promise flawed
- Private equity's diversification and return claims questioned
- Illiquidity premium debate: compensation vs overpayment
- MONETARY MATTERS WITH JACK FARLEY
- EXCESS RETURNS · 2 MENTIONS
- CAPITAL ALLOCATORS · 2 MENTIONS
- Shift to smaller, asymmetric venture funds · THIS IDEA
- The guest presented a contrarian bias towards public markets and co-investments, arguing that the crowding of private equity and a talent vacuum may create more alpha in public markets.
16 EPISODES BETWEEN · 21 MENTIONS
- MONETARY MATTERS WITH JACK FARLEY
- THE MEB FABER SHOW · 2 MENTIONS
- ANIMAL SPIRITS
- THE RATIONAL REMINDER PODCAST
- ANIMAL SPIRITS · 2 MENTIONS
- MONETARY MATTERS WITH JACK FARLEY
- TOP TRADERS UNPLUGGED
- PLANET MICROCAP PODCAST
- EXCESS RETURNS
- CAPITAL ALLOCATORS
- THE RATIONAL REMINDER PODCAST
- THE DERIVATIVE
- MASTERS IN BUSINESS · 2 MENTIONS
- WSJ WHAT'S NEWS · 2 MENTIONS
- TOP TRADERS UNPLUGGED · 2 MENTIONS
- THE DERIVATIVE
- THE MEB FABER SHOW
- TOP TRADERS UNPLUGGED
- WE STUDY BILLIONAIRES - THE INVESTORS PODCAST NETWORK
- FORWARD GUIDANCE · 2 MENTIONS
- THE MEB FABER SHOW
- TOP TRADERS UNPLUGGED
HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD