September 27, 2024
We are excited to introduce The Long View: a new series from GEM’s Co-CIO, Matt Bank, exploring a range of topics relevant to the fiduciaries and allocators of institutional capital.
The “Endowment Model,” we’re told, is under pressure. For our country’s endowed civic institutions, it’s allegedly too complex, illiquid, and costly. However, in our experience, reports of the “death” of the Endowment Model have always been greatly exaggerated. When properly understood, assessed, and executed, endowment-style investing looks a lot like any other form of active management, with the same attendant virtues and tradeoffs.
In the first of his three-part series on the Endowment Model, Bank dissects:
In a recent Q&A with Buyouts’ Chris Witowsky, GEM’s Caroline Dallas, a Director in our Investment Research Group, shared her perspective on how recent private equity market shifts are influencing talent dynamics, emerging manager activity, and LP appetite across the lower mid-market.
Sourcing and manager selection typically get top billing in conversations around private investments, but one underappreciated aspect of a successful private allocation—explored in our recent whitepaper—is the art of pacing commitments to ensure appropriate portfolio allocation.
Kate Simpson and Jay Ripley spoke with James Comtois at Institutional Investor about Kate’s decision to join GEM, the evolution of the venture market, and how the firm is navigating current challenges and opportunities to meet the growing demand for access.
Let’s start a conversation about how we can help.
