E17: Tracy Fong, Albourne Partners $700B+ AUA, on How Endowments Access Emerging Managers

Tracy Fong, partner at Albourne Partners sits down with David Weisburd to discuss how emerging VC managers can unlock institutional investors.

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(0:00) Introduction and Importance of Diverse Fund Categories (0:46) Introduction of Tracy Fong and Alborn Partners Overview (1:32) Tracy Fong's Career Journey (2:27) Webvan's Lessons and Instacart's Market Timing (7:02) Yahoo's Acquisitions and Facebook Offer Story (10:28) Sponsor: Tactic (11:06) Startup Perspectives and Investment Decision Frameworks (17:02) Tracy Fong's Experience at Harvard Management Company (21:52) Key Takeaways from SFG Asset Advisors (24:18) Balancing Macro Perspectives and Investment Decisions (25:16) The Role of Thematic Research in Investing (26:33) Manager Selection Process Insights (29:50) Tracy Fong's Current Role and Institutional Client Advice (33:10) Alborn Partners Differentiators and LP Consultant Engagement (35:29) Addressing Challenges for Emerging Managers (37:44) Fund of Funds and the Importance of DEI in Venture Capital (40:09) Concluding Thoughts on Alborn Partners' Approach (41:18) Closing Remarks and Special RFP