Peter Teneriello has been a career-long investor in the private markets. He has experience as an allocator across a range of institutional types, from wealth management firms to pensions and endowments, and helped launch the venture capital program for the Texas Municipal Retirement System. Other past experiences of his have included leading finance/operations for a venture-backed startup, in addition to vetting investments for a family office and working with their portfolio companies. Over the years he has also written about his investing experience on Medium and Substack.
He is a graduate of the University of Notre Dame as well as the Kauffman Fellows Program, an executive education program focused on venture capital and innovation leadership. He wears many hats.
You can find Peter on his socials here:
Twitter: https://twitter.com/_PeterT_
LinkedIn: https://www.linkedin.com/in/peterteneriello/
And huge thanks to this episode’s sponsor, Alchemist Accelerator: https://alchemistaccelerator.com/superclusters
Listen to the episode on Apple Podcasts and Spotify. You can also watch the episode on YouTube here.
Brought to you by Alchemist Accelerator.
OUTLINE:
[00:00] Intro
[03:57] The origin of Peter’s nickname
[05:16] How was boxing formative to who Peter is today?
[07:25] The art of the first conversation with a GP
[11:46] How did TMRS deploy $1B into VC and PE annually?
[19:45] Looking at the underlying portfolio of companies
[24:06] How overlap in venture portfolios affect re-up decisions
[26:55] Marks from an LP perspective
[30:52] Qualitative vs quantitative information
[34:45] Signal vs noise in the private markets
[40:46] When Peter shaved his head in front of an entire lecture hall
[45:09] The most recent update to the Peter OS
[51:17] Thank you to Alchemist Accelerator for sponsoring!
[53:53] If you enjoyed the episode, consider dropping a like, comment or share as it really helps me create content that is interesting to you
SELECT LINKS FROM THIS EPISODE:
- Texas Municipal Retirement System
- Kauffman Fellows
- Bengal Bouts
- University of Notre Dame
- Peter’s Substack
- Peter’s Medium articles
- Government Pension Fund Global (Norwegian)
- Yale Investments Office
- University of Notre Dame endowment
- Stripe
- “LPs continue to seek out private capital strategies amid coronavirus pandemic”
- St. Baldrick’s Foundation
- Casa Mila
- Antoni Gaudi
- Chris Douvos
- Why You Should Be Wrong and Alone with Chris Douvos
SELECT QUOTES FROM THIS EPISODE:
“Don’t overweight the quantitative over the qualitative.” – Peter Teneriello
“It’s not to be in the consensus out of a misguided sense of self-preservation; it’s approaching your life’s work with creativity and conviction and treating it like the art that it is.” – Peter Teneriello
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