Private Capital

Stan Miranda - Bain Meets the Yale Model at Partners Capital

Jun 26, 2023
Stan Miranda, Co-Founder and Chairman of Partners Capital, has a wealth of experience from his time at Bain and in venture capital. He delves into the unique DNA of Partners Capital and their collaboration with top clients, like private equity partners and family offices. He shares insights on the Endowment Model, energy transition challenges, and the role of strategic investment. Miranda also discusses the complexities of portfolio management and highlights the importance of clarity in family offices for successful wealth management.
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ANECDOTE

Stan's Bain and Venture Capital Journey

  • Stan Miranda joined Bain, hired by Mitt Romney, and saw Bain move toward private equity and equity-based fee models.
  • He helped build Bain's private equity consulting practice internationally and participated in Bain's early venture capital experimentation.
ADVICE

Use Yale Endowment Playbook

  • To solve private equity partners' wealth diversification issues, adopt the Yale endowment investment principles pragmatically.
  • Employ the endowment model as a practical 'cookbook' for long-term strategic personal investing.
INSIGHT

Endowment Model Foundations

  • The endowment model is based on three key pillars: high static risk, multi-asset diversification, and allocation to entrepreneurial managers.
  • This model can be applied in commercial settings for long-term, risk-managed investing with aligned managers.
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