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Jan. 11, 2024

E32: Ashby Monk, Stanford Professor on How to Become a Billionaire in Private Equity

E32: Ashby Monk, Stanford Professor on How to Become a Billionaire in Private Equity

Ashby Monk, Executive and Research Director at Stanford sits down with David Weisburd to discuss the role and operation of asset owners like pension funds, endowments, and more. They delve into compensation in these fields, the state of pension funds in the US, and their impact on private equity.

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Ashby Monk, Executive and Research Director at Stanford sits down with David Weisburd to discuss the role and operation of asset owners like pension funds, endowments, and more. They delve into compensation in these fields, the state of pension funds in the US, and their impact on private equity. We’re proudly sponsored by Bidav Insurance Group, visit lux-str.com if you’re ready to level up your insurance plans.

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

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X / Twitter:

@sovereignfund (Ashby)

@dweisburd (David)

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NEWSLETTER:

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LINKS:

The Technologized Investor: https://www.sup.org/books/title/?id=31114 

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SPONSOR: Bidav Insurance Group

The Limited Partner Podcast is proudly sponsored by Bidav Insurance Group.

Today's episode is sponsored by Bidav Insurance Group. Bidav Insurance Group is run by my close friend, Ahmet Bidav, who insures me both personally and at the corporate level.

Most people are not aware of the inherent conflicts in insurance, where insurance agents are incentivized to send their clients to the most expensive option. Ahmet has always been an incredible partner to me and 10X Capital, driving down our fees considerably while providing a premium solution. I am proud to personally endorse Ahmet and I ask that you consider using Bidav Insurance Group for your next insurance need, whether it be D&O, cyber, or even personal, car, and home insurance.

You could email Ahmet at ahmet@luxstr.com.

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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

(0:00) Introduction and guest Ashby Monk's background

(4:14) Role and operation of asset owners: pension funds, sovereign funds, endowments, foundations

(8:17) Compensation in pension funds and asset management, and the Canadian model

(13:36) The state of pension funds in the United States and their impact on private equity

(15:33) Sponsor: Bidav Insurance Group

(18:15) Improving investment production function and the role of governance

(22:26) The challenge of underperforming employees in pension plans and their impact

(26:10) Role of private equity in wealth creation in the alternatives industry

(34:05) Navigating the fundraising circuit: Family offices, endowments, pensions

(38:25) The GP Staking business and transitioning to venture capital asset class

(42:53) Building a reputation with founders and LPs: Entrepreneurial credibility and investment strategy

(49:08) Introduction to Shelton AI: Turning unstructured data into dashboards

(54:12) Role of emerging managers in venture capital ecosystem and closing remarks