Lacaillade: Charter rules block large state pensions from sub-$1B funds
Peter Lacaillade · Peter Lacaillade: Why Now is the Best Time to Invest in Emerging Managers | E1096 · 20VC with Harry Stebbings · Dec 18, 2023 · at 7:45
Peter Lacaillade, Managing Director at SCS Financial, discusses structural impediments facing institutional limited partners like state pension funds.
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“They have a rule in their charter that they can't be more than 10% of a fund. And they can't write less than a hundred million dollar check. Therefore, they can't invest in funds that are smaller than a billion dollars.”
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