January 12, 2023
Key Takeaways
1. Venture capital is an important driver of returns for leading endowments. Accessing venture capital managers that are likely to outperform takes time, networks, and expertise which create significant barriers to entry for individuals and small investors.
2. Investing on behalf of mission-driven organizations has resonated with the venture capital community. The top managers often have a stable group of existing investors, and are only willing to add new investors if they support values-aligned missions. At GEM, our clients are a key differentiating aspect in this regard and something we are proud the investment community recognizes.
3. Selection is critical. Top quartile venture capital firms have added at least 14% above the S&P 500®, but the median fund has beaten the S&P by merely 2%.
As university endowments brace for tighter liquidity constraints amid federal funding cuts, Co-CIO Matt Bank spoke with FundFire about how these changes will impact portfolio construction and spending strategies going forward.
Caroline Dallas was featured in McGuireWoods’ latest “Women in PE and Finance to Know.” She shares what drew her to institutional investing, her observations on the challenges facing women in private equity, and the various ways GEM seeks to support emerging managers.
Our 2024 Impact Report highlights how our continued commitment to impact investing is helping us navigate challenges and drive positive change.
Let’s start a conversation about how we can help.
