Chris Douvos 🇺🇸 Profile picture
Dad | @yankees fan | Founder @ https://t.co/cWOu3I0RZ9 | #ESFP | #Brooklyn to #SiliconValley via @PhillipsAcademy & @Yale: long live need-blind admissions
Mar 20, 2020 10 tweets 3 min read
1/ I've been having a few conversations with people in #VC about the denominator problem and I wanted to share this bit of math to put things in perspective:
If you run a $1B endowment, you may have a 15% #PrivateEquity target . . .
#Investing
#OpenLP 2/ So that means you're looking to have $150M in NAV of private holdings . . . and on top of that, you've got undrawn commitments of another 50 cents to $1.50 for every dollar of NAV depending on your positioning ands assumptions