endowment

also referred to as: endowments

2 statements across 2 episodes · 0 bullish · 1 bearish · 2 people on the record · first statement Jun 10, 2025 by Bill Gurley · across every show →

Everything said about endowment, oldest first

Jun 10, 2025 negative
Insight
Gurley: Endowment VC Managers Are Bonused on Paper Marks
“But the thing people may not realize is the managers of the VC group at the large endowments have no incentive to try and right size this number. In fact, many of them are bonused on paper marks. And so, if anything, they have the reverse incentives to get the…”
Bill Gurley Jun 10, 2025 ▶ 8:22 The Gift and The Curse of Staying Private with Bill Gurley · Invest Like The Best
Jul 15, 2025 neutral
Assertion Supported
Retail wealth investors allocate only 3 to 5 percent to private alternatives
“You know, they're relative to just a traditional, in their private portfolios, they're underexposed to private alternatives relative to, say, a pension fund at, call it 40%, or an endowment at 50%. So at three to five percent, that should probably go up.”
Alan Waxman Jul 15, 2025 ▶ 23:52 The Investment Firm That Can 'Do Anything' | Sixth Street CEO Alan Waxman · Invest Like The Best
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