YouSaid · the spoken record

David Swenson

lines on the record

2

first

2024-10-25

most recent

2024-10-25

sittings or episodes

1

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podcast

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1. “Should an emerging manager gain an allocation from Yale beyond the $50 million in the fellowship, their likelihood of building a successful firm will soar. The manager can expect Yale's endorsement throughout its life cycle. Yale will help the manager structure their organization for success and introduce them to similar-minded LPs. Additionally, Yale does not ask for an economic stake in the manager's business. Instead, Yale seeks to align the manager's interest with all investors, including fair terms and constraints on the manager's growth. Those trade offs are more attractive than the asks from most other sources of startup capital.”

   2024-10-25 · Capital Allocators · WTT: Yale Backs Emerging Managers… and Then What? · IDENTIFIED FROM THE TRANSCRIPT · source

2. “The fellowship provides a rare opportunity for an emerging manager to get discovered. Yale will be a valuable partner steering managers to industry best practices and service providers. Twenty years ago, a study indicated that 50% of hedge funds fail because of operational issues. I never agreed with the conclusion, but regardless, it's safe to say Yale can help mitigate that risk. On the investment side, Yale can pull from a first rate roster of managers to mentor fellows as well.”

   2024-10-25 · Capital Allocators · WTT: Yale Backs Emerging Managers… and Then What? · IDENTIFIED FROM THE TRANSCRIPT · source