E69: How Texas Municipal Retirement System Deployed $1B into Venture Capital

How I Invest with David Weisburd

How I Invest with David Weisburd 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.

E69: How Texas Municipal Retirement System Deployed $1B into Venture Capital

E69 • May 29, 2024 • 17 mins

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.

Speakers

Peter Teneriello

Guest • 78%

David Weisburd

Host • 22%

Chapters

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

Transcript

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