Joanna Rupp, Managing Director of Private Equity at the University of Chicago, sits down with Nick & Beezer to shine a light on the often opaque world of endowments, including what separates an endowment from a foundation, how they consider small funds v. big funds and the fallout from an avalanche of capital being thrown at VCs. Then (announcement!) Joanna and Beezer evaluate Nick’s new venture fund - the key pieces of diligence, what he needs to prove in the next few years for another investment, how to build a relationship with his LPs, and more.

Learn more about Sapphire Partners: https://sapphireventures.com/sapphire-partners/

Learn more about Notation Capital: https://notation.vc/

Visit the University of Chicago’s Endowment’s website: https://investments.uchicago.edu/

Read Ted Seides’s blog post: https://www.capitalallocators.com/the-investment-office-playbook-what-managers-dont-see/dinvestors.com/blog/the-three-body-problem-finding-the-new-stable-points-in-venture-capital

Visit OpenLP as your go-to resource for LP thought leadership: https://openlp.sapphireventures.com/https://www.linkedin.com/company/openlp/

https://x.com/open_lp

Endowment Investing with University of Chicago’s Joanna Rupp

Origins: Inside Venture Capital