Lacaillade: Fund managers at scale should cap single LP exposure at 20%
Peter Lacaillade · Peter Lacaillade: Why Now is the Best Time to Invest in Emerging Managers | E1096 · 20VC with Harry Stebbings · Dec 18, 2023 · at 1:03:20
Peter Lacaillade is Managing Director at SCS Financial. He shares guidelines on optimal LP concentration and cap limits when building a venture fund LP base.
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“If you're asking me, you're raising a fund, I think you don't want to have too many LPs, but you also want to have diversity. So I think probably max out ideally at least at scale at call it like 20% would be a lot.”
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