Institutional allocator Eric Yuppin contrasts historical endowment preferences for marquee brand names with modern allocator strategies seeking emerging managers.
0:00 / 0:19exact quote · 19.9s
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“Today, you're seeing the real great CIOs are looking for first time funds, spin outs, where you've really identified talent and you want to be there early so you can gain greater capacity and you're more actively involved early and you're capturing some of that Early funds one through three kind of extremely high return.”
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More from Eric Yuppin
AssertionNot checkable as stated
Yuppin: VCs are increasingly specializing rather than covering the broad market
“As we're seeing venture capitalists start to become more focused rather than covering the entire waterfront. And so focusing on cybersecurity and all of things around protecting the enterprise AI and machine led and algorithmic led kind of applications. Those …”
Eric YuppinDec 30, 2021▶ 8:19Jamie Montgomery – March Capital (Manager Meetings, EP.26)
Insight
Yuppin: Early-stage VC funds outperform mature firms weighed down by fund size
“You're looking for earlier stage funds because you often see much higher performance when life is simple, fund size is smaller, and you have the singular mission of just investing. Things get really complicated by fund eight, nine. Firms are big. You're on Doz…”
Eric YuppinDec 30, 2021▶ 10:15Jamie Montgomery – March Capital (Manager Meetings, EP.26)
Insight
Yuppin: Venture capital has high persistence and huge barriers to entry
“There's a very high persistence in venture, so often the great stay great, and it's very hard to enter the space.”
Eric YuppinDec 30, 2021▶ 18:51Jamie Montgomery – March Capital (Manager Meetings, EP.26)
AssertionNot checkable as stated
Yuppin: Venture capital has arguably the highest return dispersion of any asset class
“Venture is such a unique asset class, arguably the highest dispersion of returns, meaning the difference between the average and the very best is about as big a cone or dispersion as there is”
Eric YuppinDec 30, 2021▶ 19:00Jamie Montgomery – March Capital (Manager Meetings, EP.26)
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