Last year Tim Recker was asked whether venture capital was in a bubble. Back to venture, is it a bubble? I don’t know. I think valuations may be ahead of themselves, but I don’t think it’s an issue of real companies not being...
Read moreJob Duties at the Packard Foundation
There are a few roles open at the David and Lucile Packard Foundation. Do you have a background in private equity and venture capital? We seek a senior investment professional with a background in Private Equity and Venture Capital to help invest...
Read moreCarnegie Corporation CIO Kim Lew on Venture Capital
A few years ago Kim Lew was asked whether venture capital was in a bubble. The very nature of venture creates bubbles and bursts. The bottom line is that as an investor the one thing I want my venture capitalists to have is optimism. You can’t be...
Read moreGMO Founder Foundation Fighting Climate Change
According to Jeremy Grantham, the founder of GMO, you can divest from oil and not lose money. He sees climate change as a threat to humanity and he is harnessing nearly all of his wealth to counter it. Grantham says he’ll devote 98 percent of his...
Read moreIndustrial Wealth Behind Philanthropy
Art museums are breaking ties with the Sackler family and are no longer accepting gifts from them. Guggenheim Museum Says It Won’t Accept Gifts From Sackler Family, The New York Times Tate Galleries Will Refuse Sackler Money Because of Opioid...
Read moreTrinity Church Real Estate Holdings
Unlike other places of worship in Manhattan that have to sell their air-rights to get by, Trinity Church has been well endowed since it was first chartered more than 300 years ago. It makes sense. If a founding father [Alexander Hamilton] can get...
Read moreFord Foundation on Endowment Management
“Earning high returns isn’t just a matter of bragging rights — endowment income supports the missions of nonprofit institutions, whether education, as with college and universities, or broader social programs, as at many private...
Read moreCambridge Associates on Cryptoassets
“Most large institutions have steered clear of the 10-year-old, $120 billion industry because it’s largely unregulated and cryptocurrencies have been used to finance illicit trade. The collapse in crypto prices hasn’t helped either...
Read moreKlarman Foundation Hires CIO
“Baupost is also well known as a distressed-debt investor, profiting from trades such as Lehman Brothers Holdings Inc.’s bankruptcy. In that investment, the Lehman bankruptcy estate eventually distributed billions to investors, including...
Read moreHewlett Foundation CIO on Fund Managers
“We’ve got a fairly mature portfolio. This means we don’t have a lot of new managers in and out of the portfolio every year. These are very long term relationships. There might be one or two new managers a year that come into...
Read morePittsburgh Foundation on PE Funds
“We look for consistency of fund size, the experience of the team and consistency regarding how they approach their investment process. Additionally, there is a significant demographic change in the industry. There are some managers who...
Read more