LP10X - The inner workings of institutional pools of capital - Muthu Muthiah, CIO, Children's Healthcare of Atlanta (CHOA)

Muthu Muthiah is the CIO at Children's Healthcare of Atlanta (CHOA), one of the largest pediatric care providers in the United States. At CHOA, Muthiah leads the investment office, which manages the system’s long-term $6.4 billion investment portfolio. Previously Muthu has been in several allocator roles at different types of institutional pools of capital.Links: ⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comCHOA's website - https://choa.org/Muthu Muthiah on LinkedIn - https://www.linkedin.com/in/muthumuthiah/🎙️ Hosted by Prashant ChoubeyFollow Prashant on LinkedIn - https://www.linkedin.com/in/choubeysahabIn this episode, we talk about:- Difference in how Endowments, pension funds, foundations approach asset management and what are the primary motivations of each- What are the key levers in asset management at institutions? (Liquidity, sustainability, growth, etc)- How does the investment team look like at an institutional fund? What different types of people that work there?- What are the different asset classes CHOA is invested in and the % allocation to each asset class- How do endowments look at venture capital asset class?- The S curve of investing& lots moreTimestamps:(00:00) Introduction(04:19) Differences in approach to asset management among endowments, pension funds, and foundations(07:05) Asset classes and allocation strategies for different institutional investors(08:15) Role of a CIO in investment decision-making(11:00) Key levers in asset management and performance(13:07) Impact of global events and policy changes on asset allocation(16:15) Approach to investing in different geographies, using India as an example(17:50) Venture capital investment strategy and return expectations(20:26) The S-curve of investment stages and return drivers(23:53) Composition and structure of investment teams at institutional funds(29:35) Percentage allocation to different asset classes at CHOA(32:03) Investment cycles and return timeframes(34:13) Venture capital asset class and manager selection criteria(39:48) Approach to backing venture capital managers (direct vs. fund of funds)(42:38) Openness to first-time fund managers(44:17) Preferred venture capital stages for investment(45:52) Biggest learning and advice for fund managers(48:01) Rapid fire round covering sectors, regions, fund stages, commitment sizes, and contact methodsFor sponsorship or guest appearance requests, write to [email protected] to VC10X on Youtube, Spotify, Apple Podcasts.