Beezer Clarkson on the $120B LP playbook and the endowment model at LGT

Beezer ClarksonDealroom has a profile for this one. Try Dealroom → has settled into her new role at LGT Capital Partners, a private asset manager whose roots date back to the 12th century, and brings both OpenLP and the Origins podcast with her. She notes that the firm has been leaning further into venture, citing the SpaceX IPO and anticipated public listings from Anthropic and OpenAI.

In a June 2026 Origins episode, Clarkson and partner Thomas Kristensen — who leads LGT's venture capital platform and invests on behalf of clients alongside the Princely Family's $120B endowment — discuss whether the endowment model popularised by the late Yale CIO David Swensen remains viable. Kristensen's view is that the model's core principles are intact but the toolkit has greatly expanded, with companies staying private longer and value creation occurring well before an IPO.

Secondaries are central to that shift: by their figures, secondaries accounted for roughly 3% of US venture exit value in 2015 and around a third last year, alongside M&A (35%) and IPOs (34%).

Read more: Beezer Clarkson on X