CHOA targets 40% private investments, 30% public equities, and 30% defensive assets
Muthu Muthiah · Muthu Muthiah - Inefficiency and Innovation at CHOA (EP. 339) · Sep 18, 2023 · at 24:19
Muthu Muthiah, CIO at Children's Healthcare of Atlanta, breaks down his endowment's broad target asset allocation and per-manager commitment sizing rules.
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“We generally target about a 50 basis point allocation per fund to venture managers, usually about a one percent allocation per fund for private equity managers, and a three to five percent allocation for more liquid managers, and then adjust those as time goes by. But if you think about our allocations broadly, we have a 40% target to privates, so that leaves us 30% in public equities, 30% in the more defensive type portfolio.”
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