Baylor University Endowment Aligns GP Incentives with LP Needs
David Morehead, CIO at Baylor University, expresses perplexity over the extended duration of some venture funds, questioning whether General Partner (GP) incentives truly align with the financial objectives of limited partners (LPs) like endowments. He highlights that the endowment's allocation to Anthropic is approximately 2.5%.
personDavid MoreheadcompanyAnthropic
The tape
2 quotes
“I'm a little perplexed by the length of some of these funds. It's not clear to me that the GP incentives are aligned with the math that runs endowments.”
“We happen to have about 2 and a half percent of the endowment in anthropic.”
Heard on The Twenty Minute VC (20VC) — “20VC: How LPs Allocate to Venture in 2026: What They Want, What They Do Not Want | Why Fund Multiple Does Not Matter Without a Timeline | Why Velocity of Cashback is the Most Important Thing with David Morehead, CIO @ Baylor”, published Monday, September 14, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.