David Morehead is one of the most respected CIOs in the endowment fund world as Chief Investment Officer at Baylor University, overseeing its $2.6BN endowment. Before joining Baylor in 2011, he was a senior portfolio manager at several Chicago hedge funds, investing across corporate securities, distressed debt and public and private energy. ----------------------------------------------- Timestamps: 00:00 - Intro 01:26 - How Baylor Invests a $2.6BN Endowment 08:01 - How Should an Endowment Build a Portfolio? 11:02 - Why Private Markets Exist to Make Money 12:38 - Big-Name VC Funds vs Emerging Managers 13:56 - Are Venture Funds Simply Too Long? 14:28 - Why a 15x Venture Return Can Be Worse Than a 3x Growth Return 15:43 - Why Velocity of Capital Matters More Than Fund Multiple 17:08 - Why Would an LP Invest in Venture at All? 18:45 - Baylor Has 2.5% of Its Endowment in Anthropic 20:48 - Why Baylor Bought the Software Crash 26:05 - Why Public Markets Can Teach You More Than Venture 27:...