E94: How to Invest $70 Billion

Tony Meadows, Partner at Sinefine sits down with David Weisburd to discuss what initial investment choice could make or break your portfolio, when to dive into early-stage investments, and how strategic timing can turn ordinary investments into extraordinary gains. (0:00) Overview of Tony Meadows' Career and Co-Investment Strategies (2:04) GP Relationships and Adverse Selection in Investments (5:40) Quick Processing and Governance in Co-Investments (7:03) Portfolio Construction and Fund Size Strategies at PCERS (9:46) Venture Capital Challenges for Large Capital Investors (11:20) Pension Funds' Approaches to Venture Capital (13:10) Pension Funds in Private Equity and VC: Pros and Cons (14:14) Building a Successful Venture Book for Pension Funds (15:51) Entry Point Strategies and Multistage Investment Dynamics (17:22) Fund Performance and Outsourced Investment Strategies (19:24) Emerging vs. Established Manager Performance (21:34) Cinefina's Mission and Focus on Women-led VC Firms (23:52) Investment Criteria and Challenges at Cinefina (26:37) Gender Dynamics among General Partners (28:11) Reducing Bias and the Daughter Effect (31:16) Portfolio Construction and Diversification at Cinefina (35:16) Improving Pension Fund Returns and Evaluating Managers (37:45) Closing Remarks and Open Invitation for Dialogue