Institutional committees have lower risk tolerance than private equity GPs
Michelle Knudsen · Rebuilding the NYU Endowment – Michelle Knudsen (EP.513) · Jul 27, 2026 · at 15:51
Michelle Knudsen contrasts the risk tolerance and fiduciary constraints of institutional endowment committees with individual private equity partners.
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“We found that the risk appetite of those investment committees when you're serving as a fiduciary for an institution was lower than for many of our private equity GPs.”
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