E74: How the $4B Kresge Foundation Invests into Venture - Venus Phillips

Venus Phillips, Managing Director at Kresge Foundation, sits down with David Weisburd to discuss the Kresge Foundation’s venture strategy. They cover mission-driven investing, opportunities and risks investing in China and India, and building true partnerships between general partners and limited partners. (0:00) Introduction to the GP/LP partnership mentality and Kresge Foundation's mission (1:44) Kresge's approach to venture investments and regional impact (3:36) Risks, opportunities, and strategies in emerging markets (6:32) Fund management, economic alignment, and capital deployment (9:44) Building and maintaining relationships with venture funds (12:14) The evolving dynamics and diversification of LP bases (13:38) The significance of fund-of-funds and co-investment processes (17:05) GP/LP negotiations and the importance of transparency (18:04) Final insights and wrap-up