Andrew Golden – Navigating Princeton's Endowment Through (Another) Crisis (Capital Allocators, EP.133)
Capital Allocators – Inside the Institutional Investment Industry
Ted Seides – Allocator and Asset Management Expert
4.7 • 841 Ratings
🗓️ 23 April 2020
⏱️ 33 minutes
🧾️ Download transcript
Summary
Andy Golden is the President of PRINCO, where he has overseen the management of Princeton University's $25 billion endowment since 1995. He was an early guest on the show and came back to discuss steering the ship in this tricky time.
Our conversation covers communicating remotely, adding value incrementally in volatile markets, managing time, considering liquidity, and playing offense.
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Transcript
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| 0:00.0 | Capital Allocators is brought to you by Ten East, an investment platform for sophisticated investors to access private markets. |
| 0:10.5 | Ten East brings benefits of having your own family office without the cost and headaches of doing so. |
| 0:16.8 | It's founded and led by Michael LaFelle, former deputy executive managing member of Davidson Kempner. |
| 0:24.2 | Michael and his investment team offer members the opportunity to co-invest by offering at their |
| 0:29.1 | discretion. Michael and his team source, diligence, and commit material personal capital to each |
| 0:35.3 | investment. The opportunities shared on the Ten East platform |
| 0:38.9 | offer exposure to private credit, real estate, niche venture and private equity, and other |
| 0:44.5 | idiosyncratic investments that typically aren't available through traditional channels. |
| 0:49.2 | The principles have over a decade track record of investing in these types of exposures |
| 0:53.5 | across more than 350 |
| 0:55.7 | transactions. Post-investment, the Tennis team conducts ongoing monitoring and reporting, |
| 1:01.8 | just as you'd expect from an institutional investment organization. I've known Michael for about a |
| 1:07.0 | decade, and after becoming impressed by the quality of 10 East offerings, its research |
| 1:11.6 | process, and high-quality investment team, I became an advisor to the organization, an investor |
| 1:17.1 | in multiple offerings. You can learn more and join me as a member at 10-east.com. That's the number 10, |
| 1:25.4 | east.co. |
| 1:31.7 | Hi, I hope you're healthy and staying safe. |
| 1:40.5 | My friends of ProSec partners reached out with the idea of having a mini-series about some of the issues facing allocators in this novel environment. |
| 1:43.6 | How are they thinking about risk and opportunities? How are they communicating with |
| 1:45.6 | managers and how will they conduct due diligence and push forward? I'm grateful to the very |
| 1:50.9 | busy professionals who spared time to share their thoughts and a special thanks to ProSec |
| 1:55.4 | partners for sponsoring the series. For more than 20 years, ProSec has been building and protecting brands on behalf of leading financial institutions. |
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