Are LPs Setting a High Enough Bar for Venture Returns?

Tim Recker, the Chief Investment Officer for the James Irvine Foundation, discusses how LPs should ‘think in decades’ as they approach investing in venture capital and cautions against setting too low a bar for investment returns.

Tim describes his approach to manager relationships and what would give an LP comfort to invest in cases where the legal terms are not ideal. The James Irvine Foundation has a specific tilt towards emerging markets, China in particular; Tim explains how investing with high-quality managers helps to mitigate risks and to drive returns.

Finally, the James Irvine Foundation identifies as an ‘anti-racist’ organization, and Tim shares how cultural and cognitive diversity are important components to both their investment strategy and their talent pipeline.