10X Capital Podcast
The 10X Capital podcast interviews the world's premier institutional investors to deliver insights on how they manage their capital. Interview topics include investment decision frameworks, capital allocation strategies, GP/LP relationships and many more.
E91: How Elite Endowments Invest in 2024
Renee Hanna, Managing Director of Investments at Baylor University sits down with David Weisburd to discuss how Baylor balances allocation between public and private investments, how its private investments are built around returns hurdles, and thoughts on appropriately sizing commitments.
Key Points
- Baylor's endowment prioritizes investing in asset categories with long-term secular tailwinds and targets a 15% net return hurdle.
- They manage liquidity by balancing internal rates of return (IRR) and multiples of invested capital, favoring shorter-duration investments that can quickly return capital for reinvestment.
- Baylor prefers smaller, earlier-stage venture funds with concentrated portfolios and strong alignment with LPs, believing these investments offer higher potential returns and better alignment with their mission.
Chapters
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| 23:48 |
Transcript
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