How I Invest with David Weisburd E118: Loyola University's $1.2 Billion Edge
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Dec 6, 2024 Michael Kakenmaster, the Director of Investments at Loyola University Chicago, shares his expertise in managing university endowments, focusing on private markets and hedge fund strategies. He dives into the intricacies of helicopter leasing as a unique investment opportunity and discusses the changing landscape of venture capital. Kakenmaster emphasizes the traits of effective investment committee members and strategic fund allocation, while highlighting the importance of due diligence in navigating today's complex investment environment.
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Helicopter Lease Fund Anecdote
- Michael Kakenmaster's experience with a helicopter lease fund started during his time at a family office.
- Loyola University Chicago also invested in the fund's second round, focusing on opportunistic investments.
Esoteric Investment Premium
- Helicopter leasing offers a potential premium due to limited capital in the market, similar to other esoteric investments.
- This premium isn't always risk-free, requiring careful due diligence.
Diligence for Unique Assets
- When evaluating esoteric investments, frame the strategy in familiar terms.
- Work with the manager to identify similarities and differences to known asset classes.