Elizabeth Egan, Director, Private Markets, at TIFF Investment Management, joined the Swimming with Allocators podcast with Earnest Sweat and Alexa Binns to discuss TIFF’s philosophy for private markets investing and share key insights on how LPs will win over the next decade.
Key takeaways from the conversation:
- Details create the edge: Most entrepreneurs know how to make a great pitch. So, how do you properly evaluate a deal? Successful investors are the ones who dive into the minutiae and truly understand the business’s core economics.
- Go where scale can’t: TIFF has focused its investments on less efficient market segments where networks and relationships matter. “We want to stay focused on the smaller end so we can have a shot at generating true performance,” Egan explained.
- Alpha Is Not Automated: In a world of increasingly commoditized capital and data accelerated by AI – differentiated returns come from judgment. As Egan explained, “machines can help you eat faster, but they can’t replace taste.”
Listen to the full podcast below:
Spotify: https://open.spotify.com/episode/3kZP0mLT0USTevcY21V8Yu?si=2683bfc39af14b37
Apple Podcasts: https://podcasts.apple.com/us/podcast/from-consumer-insights-to-ai-upside-how-lps-win-in/id1713183207?i=1000740617477
YouTube: https://youtu.be/Hs0EQQoi1m8?si=J4zyVawHSJqCJilr
Disclaimer: Elizabeth Egan is a Director, Private Markets at TIFF Investment Management. All views expressed by her on this podcast are solely her opinions and do not reflect the opinions of TIFF. You should not treat any opinions expressed by Elizabeth as a specific endorsement to make a particular investment. References to any securities are for informational purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Any past performance discussed is not indicative of future results. Please keep in mind that investment in a fund entails a high degree of risk, including the risk of loss. Please note that the ads featured in this podcast are not endorsed by TIFF, and TIFF is not a sponsor of these ads.
Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies.
Past performance is no guarantee of future results, and the opinions presented cannot be viewed as an indicator of future performance. There is no guarantee that any particular asset allocation or mix of strategies will meet your investment objectives.
The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute investment, legal, or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.
These materials may contain forward-looking statements relating to future events. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms or other comparable terminology. Although TIFF believes the expectations reflected in the forward-looking statements are reasonable, future results cannot be guaranteed.
