SCS Financial
also referred to as: scs financial services
31 statements across 1 episodes · 9 bullish · 3 bearish · 1 people on the record · first statement Dec 18, 2023 by Peter Lacaillade · said 16 times in 2 episodes since 2023 · across every show →
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brought up most by Peter Lacaillade (9), Harry Stebbings (7)
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2024 1 mention in 1 episode
Everything said about SCS Financial, oldest first
Dec 18, 2023 bullish
Dec 18, 2023
Dec 18, 2023 positive
Dec 18, 2023 bullish
Dec 18, 2023
Lacaillade: Optimal private equity portfolios require 60 to 70 active GP relationships
“I think it's the diversification piece in, in private equity, the way to build an optimal portfolio, which I think is, I have 60, 70 active relationships in private equity. I think there's a lot of people out there that say it should be like 20 to 30.”
Dec 18, 2023
Dec 18, 2023 bearish
Lacaillade: SCS's 2020-2021 co-investments will yield 2-3x instead of 4-6x
“If I look back and I did a bunch of co-investments, like in what I believe to be like great, in some cases, great companies. Right. But they're going to have to grow into their multiples. So rather than making four to six acts, we'll make two or three acts.”
Dec 18, 2023 neutral
Dec 18, 2023 bullish
SCS Financial Took 25-30% Venture Write-Downs But Maintains 29% Net IRR
“I feel like we've written down our portfolio In the venture, when I say we, our managers, I don't know, it's like, 25%, 30%? After having years of hundred percent IRRs. So it's still good. It still looks good. I think it's a 29% Net IRR after all that, and the…”
Dec 18, 2023 negative
Dec 18, 2023 neutral
Dec 18, 2023 neutral
Dec 18, 2023 neutral
Dec 18, 2023
Dec 18, 2023 bullish
Dec 18, 2023 bullish
Dec 18, 2023
Dec 18, 2023 positive
Dec 18, 2023 neutral
Lacaillade: Track record ranks fourth or fifth when evaluating fund managers
“Track record is important. Like it tells you, do these people know how to invest? Like, are they smart? But for me, and I say this often, it's like, maybe it's number four or five on my list of things that are important, like the quality of the team. And we ca…”
Dec 18, 2023
Lacaillade: SCS Financial provided the first check to Shore Capital
“Not to ramble, but on the buyout side, there's a group called Shore Capital, which Justin Ishbia at the time was 32 years old, and he had three partners that were 27, 28. And we were the first check there, and I like to say that I got more push, I got as much …”
Dec 18, 2023 bullish
Dec 18, 2023
Dec 18, 2023
SCS Financial Writes $20M-$100M Fund Checks and $5M-$15M Seed Checks
“My typical investment is somewhere between kind of 10 to 25. I'll go up to 50, I'll go down to five. Funds, I will write checks between 20 to like a hundred million. And actually in the seed venture, it's like kind of like five to 15.”
Dec 18, 2023 bullish
Lacaillade: Lower middle market buyouts will generate venture-like returns
“I'm spending like, the vast majority of my time on lower middle market buyouts. And I'm so excited about like the opportunities that I'm seeing. And actually, I'm going to generate like venture-like returns. In small cap, EBITDA positive businesses, right?”
Dec 18, 2023
Lacaillade: SCS Financial holds ~130 co-investments at 10bps fee, 7-8% carry
“Well, first of all, like from a fee perspective, and we have like over a hundred, it's maybe a 130 or so direct investments. I think, I mean, essentially no management fee, like 10 basis points blended. And the carry is like seven or eight percent, which is th…”
Dec 18, 2023 bearish
Dec 18, 2023
Dec 18, 2023
SCS Financial allocates 20-25% to co-investments, capping positions at 2%
“If you think of, like, our vehicle, right, it's about 20, 25% co-investments. So at the full, and we've raised these vehicles every 18, 24 months, but at the high level, it's like a co-investment will be, it will max out around two percent exposure, but it's p…”
Dec 18, 2023
Dec 18, 2023