“A manager doesn’t generally fit into their ultimate quartile until Year 6.”

Apurva Mehta is the co-founding Managing Partner of Summit Peak Investments, a fund-of-funds that boasts a portfolio of both venture fund investments and direct investments, including the likes of Affirm, Anduril, Airtable, Opendoor, and Wish, just to name a few.

Prior to starting Summit Peak in 2018 with his co-founder, Patrick O'Connor, he previously served as Vice President and Deputy Chief Investment Officer for the Children's Hospital Endowment Portfolio in Fort Worth, Texa. From 2008 to 2011, he was the Director of Portfolio Investments at The Juilliard School in New York City. Apurva began his career in investment consulting and investment banking at Citigroup and Lehman Brothers. He was recognized for his expertise when he was named to aiCIO Magazine’s Top Forty Under Forty in 2012 and 2013 and honored as a Rising Star by Institutional Investor. He holds a BBA in Finance from The George Washington University.

You can find Apurva on his socials here:

LinkedIn: https://www.linkedin.com/in/apurvaamehta/

OUTLINE:

[00:00] Intro

[01:40] Tennis

[02:45] Lehman Brothers' impact on Apurva

[05:28] What AI is missing in investment management

[14:26] Underestimated qualitative metrics that impact a GP's story

[22:10] Building Cook Children's Hospital foundation portfolio from scratch

[30:24] Moving quickly as an LP

[31:32] What does Apurva look for in the first meeting?

[37:20] Ugly sweater Christmas parties

[39:56] Apurva's favorite ugly sweaters over the years

[41:40] Post-credit scene: What does GFW mean?

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NELK Boys Internal | Ep. 174

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