E101: Lessons from University of Texas ($70B) and Stanford Endowment ($40B)

Mark Shoberg, CIO & Partner at Capital Creek Partners sits down with David Weisburd to discuss the keys to successful institutional investing, how large should an endowment be for optimal returns, and how to build the perfect investment platform for family offices and endowments. (0:00) Introduction and Organizational Risk in Funds (0:28) Ideal Endowment Size and Check Size (0:58) National Debt and Investor Concerns (1:24) Mark Shoberg's Investment Insights (2:19) Investment Management Approaches and Team Dynamics (2:59) Competency Building in New Asset Classes and Focus on Spinouts (4:14) Making the First Real Estate Investment (5:43) Anchoring Funds: Pros and Cons (7:01) Liquid Assets and First Call Alpha (8:29) Anchor Investor Economics (9:57) Balancing LP and GP Economic Arrangements (11:29) Organizational Risk Impact on Funds (14:46) Sponsor: Investment Management Software (15:08) Asset Management and Fund Performance Metrics (15:43) Portfolio Construction and Market Timing Strategies (19:45) Real Estate Investments for Tax-Exempt Entities (21:14) Preparing for National Debt Challenges (23:00) Scale in Endowment Management (27:23) Capital Creek Partners and Optimal Portfolio Construction (31:51) Sourcing Managers and Building GP/LP Relationships (34:03) Grassroots Opportunities and Unique Investment Perspectives (34:57) Closing Remarks and Acknowledgments