David Moorehead is the Chief Investment Officer of Baylor University's $2.6B endowment. He focuses on velocity of capital over raw returns, uses convexity overlays for upside capture, and structures private allocations around VC, growth equity, and buyout via separate accounts to optimize risk/return.
no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY
Baylor holds Anthropic to generate excess returns from private investments needed to fund distributions amid declining enrollment.
Biotech will be more impactful over the next decade than the last; Baylor is actively researching the sector at conferences and debating whether to increase already-substantial exposure due to low correlation and curative science.
Permitting bottlenecks and community opposition to power/water usage have made already-permitted, powered data center land scarce and valuable; Baylor's sites have appreciated 50% in six months as utilities accelerate connections for permitted sites.