Nov 10, 2025
Jay Ripley is the Head of Investments and Deputy Managing Partner at Global Endowment Management, or GEM, an endowment-style outsourced CIO overseeing $12 billion. Jay joined GEM in 2014, following six years in private equity where he developed an analytical rigor and mindset of an owner-operator. GEM’s Co-CIO Matt Bank joined me on the show last year for a broader discussion of the firm, and that conversation is replayed in the feed.
Our conversation dives into manager selection,
particularly with early-stage funds. We discuss Jay’s
entry into the business, transition from GP to
LP, and GEM’s approach to identifying and
backing emerging managers across buyouts, venture capital, and
hedge funds. Jay shares insights on the evolving landscape for
independent sponsors, the challenge of
manager selection amid dispersion, and the art of staying
early without chasing scale.
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