E69: How Texas Municipal Retirement System Deployed $1B into Venture Capital
Update: 2024-05-29
Description
Peter Teneriello, former Senior Portfolio Manager at Texas Municipal Retirement System, sits down with David Weisburd to discuss how TMRS deployed $1B into venture capital. In addition, they discuss institutional allocation pacing models, the importance of aligned investment teams and why investors may allocate to median performing managers.
(0:00 ) Introduction
(0:55 ) Diversification strategies in venture capital investing
(3:32 ) Co-investment practices and fee management
(6:58 ) Importance and role of pacing models
(9:39 ) Incentives for LP Consultants and their impact
(12:25 ) Strategy for setting up a billion-dollar single family office
(15:39 ) Building effective LP / GP relationships
(16:22 ) Career insights and investment philosophy from Peter Teneriello
(0:00 ) Introduction
(0:55 ) Diversification strategies in venture capital investing
(3:32 ) Co-investment practices and fee management
(6:58 ) Importance and role of pacing models
(9:39 ) Incentives for LP Consultants and their impact
(12:25 ) Strategy for setting up a billion-dollar single family office
(15:39 ) Building effective LP / GP relationships
(16:22 ) Career insights and investment philosophy from Peter Teneriello
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