Jay is a Partner and Co-head of Investment Team at Global Endowment Management, a full-service Outsourced Chief Investment Office (OCIO) that serves mission-driven institutions. In that role, he manages GEM’s investment team, alongside James Ferguson, and focuses on private and impact investments.
Many VC firms are struggling to raise funds, in large part because limited partners are overwhelmed by the sheer number of firms seeking capital this year.
Managers are coming back twice as fast, but the teams don't double in size at the LP, and so there's just not staff for.