The impact of David Swensen cannot be overstated. From redefining the portfolio strategy of endowments to his multi-decade stretch of significant outperformance, his legacy is felt across the investment management space.
Perhaps the most impressive aspect to his impact derives from his role as a leader, mentoring and training dozens of allocators at Yale Investments who have since gone on to lead the most sophisticated and well capitalized foundations and endowments globally. This group of mentees – the so called “Yale Mafia” – has taken Swensen’s teachings, many of which define the Yale Model, to heart and shaped portfolios of similar construction in their new roles.
Take Andy Golden, recently retired CIO of PRINCO, Princeton University’s endowment who doubled the private equity allocation from 15% to 30% during his tenure. Or Seth Alexander, now President of MIT Investment Management Company, who under Swensen, collaborated with Dean Takahashi to develop the “Takahashi-Alexander” Model for private market cash flow forecasting still widely used today.
As leading LPs globally continue to increase their private equity and venture portfolios, they need deeper visibility into fund and portfolio company performance. Request a demo to learn how Chronograph provides allocators with unprecedented insights into their private capital portfolios.
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