Lacaillade: Banning co-investment carry incentivizes fund size over alpha
Peter Lacaillade · Peter Lacaillade: Why Now is the Best Time to Invest in Emerging Managers | E1096 · 20VC with Harry Stebbings · Dec 18, 2023 · at 11:21
Peter Lacaillade, Managing Director at SCS Financial, reflects on LP behavior during advisory committee meetings and incentives driving GP performance.
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“By saying you can never charge carry on a co-investment means that they're just going to solve for a bigger fund and become asset managers and not deliver the alpha that we all want as investors.”
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