privates

6 statements across 6 episodes · 2 bullish · 1 bearish · 6 people on the record · first statement Oct 5, 2020 by Scott Wilson · across every show →

Everything said about privates, oldest first

Oct 5, 2020

Disclosure

WashU's endowment allocation is 45% private markets and one-third public equities

“If you think we're roughly a third public equities, which bounces around, we're probably a little bit overweighted in privates. That's probably 45% of the portfolio today, just because privates, particularly venture and growth equities had such a big run. And …”

Scott Wilson Oct 5, 2020 ▶ 33:11 Scott Wilson – Concentrated Investing at Washington University-St. Louis (Capital Allocators, EP. 159)

Apr 18, 2022

Disclosure

Lenehan: Wallace plans to trim long-only equities to fund private investments

“Over time, I think we'll start to trim a little bit from the long only side to help feed the increase in the privates as they start to come out, because a lot of it's very liquid.”

Tom Lenehan Apr 18, 2022 ▶ 18:20 Tom Lenehan – Taking the Helm at the Wallace Foundation (Capital Allocators, EP.246)

Apr 1, 2024 bullish

Insight

Schumann: Fixed income adds little value compared to private investments

“Fixed income, not going to add a lot of value. When Meredith came on board, you jumped into privates. Frankly, that's where we're going to add a lot of value.”

Ellen Schumann Apr 1, 2024 ▶ 9:05 Training Grounds – Carnegie Corporation of New York (EP.377)

Jun 3, 2024 neutral

Disclosure

Fink: SWIB's 112% asset allocation spans 38% equities, 26% fixed income, 30% privates

“But we're about 38% in equities, 26 in fixed income, 19% in tips, 30%, give or take, in privates. So that's 10 in private real estate and 20 in private equity and private debt. And that gets you to about a 112.”

Anne-Marie Fink Jun 3, 2024 ▶ 28:45 Anne-Marie Fink - Cutting Edge Pension Investing at SWIB (EP.389)

Mar 24, 2025 bullish

Assertion Supported

Unconstrained mean-variance optimization pushes institutional portfolios entirely into private assets

“And anytime you use the mean variance optimization model, unconstrained, it pushes you entirely into privates, because that's the historical return profile.”

Ed Grefenstette Mar 24, 2025 ▶ 23:10 Ed Grefenstette – Bold Allocations at The Dietrich Foundation (EP.437)

Apr 14, 2025 bearish

Opinion

Papic: U.S. Private Market Assets Are More Overbid Than Publics

“And obviously, if you want to talk about where U.S. Assets are massively overbid, I think privates are even worse than public.”

Marko Papic Apr 14, 2025 ▶ 41:49 Geopolitical Uncertainty – James Aitken, Louis-Vincent Gave, and Marko Papic (EP.440)

privates

Everything said about privates, oldest first

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