Wendy Li on How To Invest Like Elite Endowments | #566

This interview podcast features Meb Faber interviewing Wendy Li, founder and CIO of Ivy Invest, an endowment-style fund. The conversation begins with Li's background in institutional investing at major New York endowments, highlighting her experience navigating the 2008 financial crisis and the evolution of endowment investing strategies. The discussion then shifts to Ivy Invest, explaining its unique structure as an interval fund offering access to alternative investments for non-accredited investors with a $1,000 minimum. Li details the fund's portfolio composition (approximately 55% public equities/fixed income, 45% alternatives including private equity, private credit, and real estate) and its quarterly liquidity feature. Finally, Li shares her perspective on the evolving landscape of alternative investments and the increasing availability of evergreen structures for retail investors.