How have you been a change agent at
your organization? What have you done
that you’re particularly proud of?
Capital remains abundant for the world’s
most promising companies and investors. As
such, we’re most proud of continually leveraging our differentiation of scale, flexibility,
and stability to generate a strong pipeline of
What is the asset class or investment
that keeps you up at night, and why?
Our biotech, consumer internet, and enterprise IT venture deals; while these investments offer attractive, idiosyncratic returns
to our well-diversified $59 billion fund, each
deal’s wider dispersion of outcomes and periodic volatility can cause concern.
What methodologies have you adopted
within your institution?
We sit far from the epicenters of deal flow.
As a result, we’ve strengthened our focus to
leverage technology, industry conferences,
and strategic relationships to cast a wider net
on relevant, high-conviction opportunities.
Where do you fall in the passive vs.
As a private investor, I naturally lean
towards active, catalyst-driven alpha. Active
management and transformational oper-
ating intervention should outperform in
today’s world of low rates, high asset prices,
and geopolitical uncertainty.
What are the changes you’d like to see
the institutional investing community
make in 10 years?
Increased collaboration across institutional
investors, continued leadership in the adoption of measures to augment global sustain-ability, productivity and societal equity,
and the integration of digital platforms and
artificial intelligence to extend organizational capabilities while reducing operating
costs and reliance on external parties.
Who is a manager you don’t currently
work with whose brain you’d like to pick?
Masayoshi Son, chairman and CEO of
Ideally, where would that meeting take
On a fishing boat in beautiful Alaska, to discuss his vision of the future. Hopefully, it’s a
world free of cancer, global warming, parking
lots, and widening inequality, in all forms.
What is the software investment tool
that helps you most?
Bloomberg continues to monopolize an
entire monitor. Being a generalist, quick
access to a wide array of research helps
me understand the critical themes, major
Senior Portfolio Manager, Special Opportunities,
Alaska Permanent Fund Corporation (Juneau, AK)
Yup has become the go-to resource for tackling APFC’s
most challenging and yet compelling project investment
opportunities over three continents. He demonstrates
a natural affinity both towards developing new private
market investment opportunities and also ensuring their
timely, thorough, and effective evaluation and investment.
players (potential acquirers), and competitive dynamics across sectors.
What would improve the relationship
between you and managers?
A deeper commitment to transparency and
Why did you choose your current path?
The unique privilege to generate economic
goodwill at scale and an incredible way to
keep a steady pulse on an ever-changing
globe. The opportunistic seat allows me
to learn and cultivate relationships with
industry visionaries and smart investors
across all category vectors. It’s the best job
in the world.