E38: Carrie Thome & Grady Buchanan of NVNG on How to Raise Capital from Corporate LPs
The 10X Capital Podcast
The 10X Capital Podcast is a podcast that interviews the world's leading institutional investors. Previous guests include The Ford Foundation, Northwestern University Endowment, CalPERS, Stepstone, and other top limited partners.
David WeisburdErik Torenberg
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E38: Carrie Thome & Grady Buchanan of NVNG on How to Raise Capital from Corporate LPs

E38 • Feb 1, 2024 • 36 mins

Carrie Thome and Grady Buchanan of NVNG sit down with David capital to talk about the importance of startups, and portfolio construction. They discuss the competitive landscape for talent, their transition to venture capital, and strategies at Wharf. The conversation also covers strategic investment, liquidity management, and the inception and building of NVNG Investment Partners. The episode wraps up with insights on raising a fund during COVID, network building, assessing emerging manager quality, and the value of fund of funds.

Key Points

  • NVNG is focused on building venture capital portfolios with 20 to 30 managers, equally weighted where possible, to support and grow the future of Wisconsin's innovation ecosystem.
  • Emerging managers are assessed by NVNG based on which traditional criteria they don't yet meet and whether those unmet criteria are acceptable given the manager's strategy, team, and existing portfolio.
  • NVNG's fund was raised with the strategic aim of not just seeking financial returns but also fostering the local community by bringing in venture funds and aligning with Wisconsin's longstanding institutions.
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