Venus Phillips, Managing Director at Kresge Foundation, sits down with David Weisburd to discuss the Kresge Foundation’s venture strategy. They cover mission-driven investing, opportunities and risks investing in China and India, and building true partnerships between general partners and limited partners.

(0:00) Introduction to the GP/LP partnership mentality and Kresge Foundation's mission

(1:44) Kresge's approach to venture investments and regional impact

(3:36) Risks, opportunities, and strategies in emerging markets

(6:32) Fund management, economic alignment, and capital deployment

(9:44) Building and maintaining relationships with venture funds

(12:14) The evolving dynamics and diversification of LP bases

(13:38) The significance of fund-of-funds and co-investment processes

(17:05) GP/LP negotiations and the importance of transparency

(18:04) Final insights and wrap-up