E69: How Texas Municipal Retirement System Deployed $1B into Venture Capital

How I Invest with David Weisburd

Peter Teneriello, former Senior Portfolio Manager at Texas Municipal Retirement System, sits down with David Weisburd to discuss how TMRS deployed $1B into venture capital. In addition, they discuss institutional allocation pacing models, the importance of aligned investment teams and why investors may allocate to median performing managers. (0:00) Introduction (0:55) Diversification strategies in venture capital investing (3:32) Co-investment practices and fee management (6:58) Importance and role of pacing models (9:39) Incentives for LP Consultants and their impact (12:25) Strategy for setting up a billion-dollar single family office (15:39) Building effective LP / GP relationships (16:22) Career insights and investment philosophy from Peter Teneriello
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Peter Teneriello, former Senior Portfolio Manager at Texas Municipal Retirement System, sits down with David Weisburd to discuss how TMRS deployed $1B into venture capital. In addition, they discuss institutional allocation pacing models, the importance of aligned investment teams and why investors may allocate to median performing managers. (0:00) Introduction (0:55) Diversification strategies in venture capital investing (3:32) Co-investment practices and fee management (6:58) Importance and role of pacing models (9:39) Incentives for LP Consultants and their impact (12:25) Strategy for setting up a billion-dollar single family office (15:39) Building effective LP / GP relationships (16:22) Career insights and investment philosophy from Peter Teneriello
2024-05-29 17 min Transcript
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