How University Endowments Invest | Private Equity & Institutional Strategy скачать в хорошем качестве

How University Endowments Invest | Private Equity & Institutional Strategy

In this special “On the Road” episode of the Dakota Live! Podcast, Robert Morier travels to the University of Tennessee in Knoxville for a live CIO panel discussion on endowment management, private equity, private credit, asset allocation, and manager research & due diligence. Featuring: • Rip Mecherle, CIO, University of Tennessee System ($1.8B endowment) • Cathy Ulozas, CIO, Drexel University • Bridget Sproles, Partner & Co-Head of Healthcare Practice, Cambridge Associates • Ryan Farley, Professor and Director, Torch Fund Program, University of Tennessee Recorded in front of students from Drexel University and the University of Tennessee, this episode explores how institutional investors think about: • Endowment portfolio construction (public vs. private markets) • Private equity allocation strategy and long-term commitments • The risks and realities of private credit in today’s market • How CIOs underwrite managers and assess integrity, culture, and risk • Teaching students to think like real-world investors The panel also shares candid career lessons — including trading mistakes, surviving market crises, and the importance of adaptability in finance. If you’re interested in institutional investing, asset allocation strategy, manager due diligence, endowment management, OCIO relationships, hedge funds, private markets, or building a career in investment management, this conversation is essential listening. Learn how top CIOs make capital allocation decisions under uncertainty — and how students can prepare to enter the world of institutional asset management. Cathy Ulozas:   / catherineulozas   Bridget Sproles: https://www.cambridgeassociates.com/p... Ryan Farley:   / ryan-farley-66b7205   Robert Morier:   / robertlmorier   Our Website: https://dakota.com University of Tennessee: Drexel University: https://drexel.edu/ Cambridge Associates: https://www.cambridgeassociates.com/ 🎙️ Listen to the Podcast: Spotify: https://open.spotify.com/show/3NUXRMz... Apple Podcast: https://podcasts.apple.com/us/podcast... 00:00 Intro 01:34 On the road in Knoxville 04:26 An experience on the road 08:35 Relationships 14:13 UT office structure 17:28 Drexel University structure 20:09 LP + advisor relationship 25:00 Drexel as an anchor institution 28:05 Re-underwriting 31:32 Manager research and due diligence 33:00 Starting the underwriting process 36:10 It starts with an interview 38:20 Is Cathy a contrarian? 40:57 Liquidity 44:57 Assessing personality 47:57 Rip's construction process 51:07 Private credit 54:01 Opportunity outside of the US 54:41 Is Rip looking at Europe? 57:23 2026 outlooks - Cathy 59:24 2026 outlooks - Bridget 1:00:54 2026 outlooks - Rip 1:03:18 Teaching students to think like investors 1:08:08 "You remember what you want to forget" 1:20:03 Outro