The Wall Street Lab

Christopher (“Chris”) Schelling is the Director responsible for Private Equity investments at Texas Municipal Retirement System (“TMRS”). Prior to joining TRMS, Chris served as Deputy Chief Investment Officer and Director of Absolute & Real Return at Kentucky Retirement Systems and as an Adjunct Professor of Finance at University of Kentucky, where he taught a class in Alternative Investments.  He If you are an allocator and want to know more about how some of the best in the business go about vetting their private equity fund managers, this episode is for you! Aside from being a well-known columnist for Institutional Investor, and a guy who makes his passion, deep understanding and curiosity for the profession very evident, Chris takes quite a scientific approach to manager selection. We start our conversation by going through Chris’ career, we move on to discuss the due diligence process at TMRS in more detail, covering topics such as their sourcing funnel, how they sperate the “wheat from the chaff” an