Jay Ripley – Emerging Manager Selection at GEM (EP.470) | Capital Allocators – Inside the Institutional Investment Industry

In this episode of Capital Allocators, Ted Sides interviews Jay Ripley, Head of Investments and Deputy Managing Partner at Global Endowment Management (GEM), about manager selection, particularly with early-stage funds. Jay discusses his path into the investment world, his transition from GP to LP, and GEM's approach to identifying and backing emerging managers across buyouts, venture capital, and hedge funds. He shares insights on the evolving landscape for independent sponsors, the challenges of manager selection amid dispersion, and the art of staying early without chasing scale, also touching on public market investments and the owner-operator mentality within GEM.

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Jay Ripley – Emerging Manager Selection at GEM (EP.470)

Capital Allocators – Inside the Institutional Investment Industry

Introduction to Endowment-Style Investing and Jay Ripley's Background

From Investment Banking to Private Equity and the Transition to GEM

Transitioning from GP to LP and the Focus on Emerging Managers

Identifying and Supporting Independent Sponsors in Buyouts

Success Factors and Challenges in the Independent Sponsor Market

Venture Capital Manager Selection and Portfolio Construction

Public Markets, Hedge Funds, and Long-Only Emerging Managers

Talent Assessment, Owner-Operator Mentality, and Future Goals

Closing Questions and Life Lessons

Jay Ripley – Emerging Manager Selection at GEM (EP.470)

Capital Allocators – Inside the Institutional Investment Industry

00:00Introduction to Endowment-Style Investing and Jay Ripley's Background

Introduction to Endowment-Style Investing and Jay Ripley's Background

07:16From Investment Banking to Private Equity and the Transition to GEM

From Investment Banking to Private Equity and the Transition to GEM

14:12Transitioning from GP to LP and the Focus on Emerging Managers

Transitioning from GP to LP and the Focus on Emerging Managers

25:08Identifying and Supporting Independent Sponsors in Buyouts

Identifying and Supporting Independent Sponsors in Buyouts

33:11Success Factors and Challenges in the Independent Sponsor Market

Success Factors and Challenges in the Independent Sponsor Market

42:21Venture Capital Manager Selection and Portfolio Construction

Venture Capital Manager Selection and Portfolio Construction

50:06Public Markets, Hedge Funds, and Long-Only Emerging Managers

Public Markets, Hedge Funds, and Long-Only Emerging Managers

58:21Talent Assessment, Owner-Operator Mentality, and Future Goals

Talent Assessment, Owner-Operator Mentality, and Future Goals

1:08:43Closing Questions and Life Lessons

Closing Questions and Life Lessons