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Nov. 2, 2023

E17: Tracy Fong, Albourne Partners $700B+ AUA, on How Endowments Access Emerging Managers

E17: Tracy Fong, Albourne Partners $700B+ AUA, on How Endowments Access Emerging Managers

Tracy Fong, partner at Albourne Partners sits down with David Weisburd to discuss how emerging VC managers can unlock institutional investors.

Tracy Fong, partner at Albourne Partners sits down with David Weisburd to discuss how emerging VC managers can unlock institutional investors. We’re proudly sponsored by Tactyc, visit tactyc.io if you’re ready to level up your venture fund.


The Limited Partner podcast is part of the Turpentine podcast network. Learn more: turpentine.co

 

Tracy is a passionate DE&I supporter, including AAAIM. To learn more: https://www.linkedin.com/company/aaaim/

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X / Twitter:

@tracyfong (Tracy)

@dweisburd (David)

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LinkedIn:

https://www.linkedin.com/in/tracyfong714/

https://www.linkedin.com/in/dweisburd/

https://www.linkedin.com/company/albourne-partners/

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LINKS:

Albourne: https://www-us.albourne.com/

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SPONSOR: Tactyc

The Limited Partner Podcast is proudly sponsored by Tactyc.

Tactyc is the first forecasting and planning platform for venture capital funds. The platform is rapidly increasing efficiency and data-driven workflows and already works with over 300 funds. 

It's time that managers build and maintain dynamic portfolio models to guide data-driven decisions without being burdened by spreadsheets. The solution enables portfolio construction in minutes and enables managers to share their construction plans with potential LP investors. 

Tactyc also enables managers to analyze probabilistic scenario outcomes on their portfolio companies and advanced reserve optimization techniques. 

Check them out at tactyc.io

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Questions or topics you want us to discuss on The Limited Partner podcast? Email us at david@10xcapital.com

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TIMESTAMPS

 

(00:00) Episode Preview

(01:06) What is Albourne and How do LP consultants work?

(01:41) What Tracy has learned since joining the industry in 1999

(02:41) Learnings from the dot com bubble

(05:45) Are companies now making the same mistakes present in the early 2000s?

(07:03) Tracy’s tensure on the M&A team at Yahoo

(10:28) Episode Sponsor: Tactyc

(12:04) Yahoo’s rumored Facebook acquisition offer

(14:46) How the market adjusted with YouTube and WhatsApp

(17:31) How top endowments are investing

(19:01) Do access constrained funds still exist?

(22:22) Why being a hybrid manager is unique

(23:13) Finding greenshoots in bear markets

(24:38) Main investing mistakes family offices make

(26:45) How to understand the market before making a venture investment

(29:57) Albourne’s mission and reach

(32:35) Why it’s critical to always be in the market

(33:19) Why Albourne is differentiated

(33:56) How to engage an LP consultant

(37:48) Why fund of funds have grown in number and popularity

(40:27) How to reach Tracy