

Endowment Investing with University of Chicago’s Joanna Rupp
28 snips Jun 27, 2024
Joanna Rupp, Managing Director of Private Equity at the University of Chicago, discusses endowment investing, the differences between small and big funds, and the challenges of managing an influx of capital in the VC space. She also evaluates a new venture fund with insights on diligence, relationship building with LPs, and key milestones for success.
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Unexpected Career Path
- Joanna Rupp's career started unexpectedly in finance.
- A reneged offer at the University of Chicago's investment office became her entry point.
Endowment vs. Foundation
- Endowments, unlike foundations, often receive donations and aim to grow their corpus.
- Their objective is to provide annual distributions and support future generations.
Endowment Return Targets
- Endowments target a payout rate plus inflation, aiming for a nominal return of around 8-8.5%.
- Donations contribute to the endowment's growth beyond covering university costs.