Criteria

Eligibility and Invitation Process

  1. Invitation-Only Membership:
    Participation in the community and roundtable series is by invitation only. Invitations must be extended by an existing member who is an institutional allocator within the community. This exclusive process ensures that the community maintains a high standard of expertise and relevance.
  2. Representation Criteria:
    Eligible participants include individuals who directly represent an institutional allocator with assets under management (AUM) of at least $100 million. This includes, but is not limited to:
    • Family members of the allocator
    • Investment staff
    • Directors or committee members
    • Advisers or related positions must have a direct role in managing or overseeing the allocator’s investments and financial strategies.

Code of Conduct

  1. Confidentiality:
    Participants must maintain strict confidentiality regarding any proprietary information, strategies, or discussions shared within the community or roundtable series. Any breach of confidentiality may result in immediate removal from the community.
  2. Respectful Engagement:
    All participants are expected to engage respectfully and professionally in discussions. Personal attacks, derogatory comments, or harassment of any kind will not be tolerated and may result in exclusion from the community and future events.
  3. Active Participation:
    Members are encouraged to actively participate in discussions, share insights, and contribute to the collective knowledge of the community. Regular participation is expected to maintain membership.
  4. Non-Solicitation:
    This community is a space for sharing insights and best practices, not for soliciting investments or promoting specific products. Participants are prohibited from fundraising or seeking outside capital during community interactions.

Governance and Oversight

  1. Moderation:
    The community and roundtable series will be moderated by a designated team to ensure that discussions remain focused, productive, and aligned with the community’s goals. Moderators have the authority to enforce the policies and make decisions regarding membership.
  2. Reporting and Accountability:
    Any concerns about a participant’s conduct or adherence to these policies should be reported to the community’s administrative team. Reports will be treated confidentially and investigated thoroughly. Potential actions include warnings, suspension, or permanent removal from the community.
  3. Amendments to the Policy:
    The community reserves the right to amend this policy at any time. Significant changes will be communicated to members, and continued participation will be contingent on acceptance of the updated terms.

Invitation and Onboarding Process

  1. Invitation by Existing Member:
    An existing member must extend an invitation for new participants to join the community. The inviting member is responsible for ensuring that the invitee meets the criteria of directly representing an institutional allocator with over $100 million in AUM.
  2. Onboarding:
    Once an invitation is accepted, the new member will be onboarded and given access to community resources, event schedules, and participation guidelines. The onboarding process may include an orientation session to help new members understand the community’s goals and expectations.
  3. Renewal of Participation:
    Participation is reviewed on an ongoing basis. Continued active engagement in the community is expected. The community may periodically assess membership to ensure it continues to align with the community’s standards and objectives.

Examples of qualified participants:

Pension Funds:
Organizations that manage retirement funds for employees, often in both the public and private sectors. These funds invest assets contributed by employers and employees to ensure long-term sustainability of pension payouts.

Insurance Companies:
Firms that invest premiums collected from policyholders to pay future claims. These companies manage their own portfolios, investing in bonds, equities, real estate, and other assets to meet their obligations.

Endowment Funds:
Investment funds established by institutions like universities or non-profits, where the principal is kept intact while the investment income is used for operational or specific purposes. These funds are self-contained and do not raise capital from external sources.

Sovereign Wealth Funds:
State-owned investment funds or entities that manage a country’s reserves. These funds invest the country’s assets, typically derived from trade surpluses, natural resource revenues, or foreign exchange reserves.

Banks and Credit Unions:
Financial institutions that invest their own assets or those of their clients. These institutions manage large portfolios to generate returns, manage liquidity, and meet regulatory requirements without raising external capital.

Foundations:
Private or public organizations that manage large endowments or assets to support charitable activities and grants. These funds are typically generated from donations or bequests, not from outside investors.

Single Family Offices:
Private wealth management firms that manage the wealth, investments, and financial affairs of a single high-net-worth family. These offices invest the family’s assets without raising external capital.

Corporate Investment Funds:
Large corporations that allocate significant resources to internal investment funds, often used for strategic acquisitions, research and development, or other long-term growth initiatives. These funds are financed from the corporation’s own assets.

Public Investment Funds:
Government-managed funds, often at the state or municipal level, that invest public assets, such as pension funds or social security reserves. These funds do not raise capital from external investors but manage assets allocated by the government.

Exclusivity and Prohibited Participation

  1. Prohibition of “Sell Side” Influence:
    To maintain the integrity and focus of the community and roundtable series, participation is strictly limited to those who act as allocators. Fund managers, wealth managers, service providers, vendors, members of the press, or any other related “sell side” entities or individuals are expressly prohibited from joining the community or attending meetings. This ensures that discussions remain unbiased and focused on the interests and perspectives of institutional allocators.
  2. Allocator Hat Requirement:
    All participants must strictly wear their “allocator hat” during meetings and community interactions. This means that, regardless of any other business activities, roles, or affiliations they may have outside of the community, members must approach all discussions and decisions from the perspective of an institutional allocator. The primary objective is to foster a collaborative environment where the exchange of ideas and strategies is free from commercial influence or solicitation.
  3. Conflict of Interest:
    If a participant’s business activities or roles outside of the community create a potential conflict of interest, they must fully disclose this to the community administrators. The community reserves the right to evaluate such conflicts and determine if continued participation aligns with the community’s objectives.
  4. Enforcement:
    Any participant found to be engaging in “sell side” activities within the community, or failing to adhere to the “allocator hat” requirement, will be subject to immediate removal from the community. This policy is enforced to ensure that the community remains a trusted space for institutional allocators to exchange ideas without the influence of external sales or marketing pressures.