Assets Under Management

“In the early days, you know, you basically just have management fees to cover people, and the idea of, like, investing in software to make the process better is, you're not going to do that until you have much larger AUM, right?”

“We certainly don't have an AUM goal. That's not the business. Our goal is on the incentive side.”

“The thing that we measure is being a net liquidity provider to our LPs. So we believe in alignment of interests, and we think about founders first, then LPs, then Sequoia, then our team, and then ourselves. And when you do that, we actually measure how much we…”

“Index investing in 2000 was, you know, one percent of assets under management. You fast forward to 2015, it's approaching 50%, right? So it's almost half of all assets are invested in sort of passive or index-like products”

“AUM can be one of two things. How much money did you raise? Or what is the value of the capital you raised? I want the value of the capital we raised to be the biggest, but the amount of money we raised to be smallest. That's when you've created the most alpha…”

“We're about five hundred billion of AUM today.”

“So approximately about 21% of the assets under management on the retail side are I think owned by women.”

“Oh, like, 50 total AUM now, yeah.”

“Those 15 firms, which is .2% of the universe that we track, controls about 20% of the AUM. If you go down just two more rungs that go level seven to level 10, those 700 firms control 90% of the capital.”

“I think that it will change the way that people do work, but I genuinely believe that, ah, it'll actually increase the AUM of the firms that use it. I think it will actually drive more employment.”

“Highly opinionated robo-advisors are a great way to get your first twenty million of AUM, and then from there, maybe you can, you know, build.”

“I've come to view the money management world as really being subdivided into firms that are looking to find their way into the AUM Hall of Fame and others that are looking to find their way into the Returns Hall of Fame. And those are very different sets of in…”

“If you're a venture capitalist, take one percent of your AUM and that is the budget that you should use for your daily driver.”

“When you have over fifty million in AUM, you need to wear a tie.”

“The direction of the industry, and I'm sure everybody who observes the industry would say the same thing, has been one of industrialization in the last decade. And when I say industrialization, what I mean is the boutique experience of, hey, there's going to b…”

“AUM is a game of politics for losers. DPI is the game of winners. That's how it works. So you can coast by being a political AUM person for a while, but you have nothing to be proud of because all you are is a salesman of stories versus someone who delivers re…”

“Don't use AUM or increasing AUM as a measuring size for your success, for your momentum, for anything.”

“In this environment where distributions have almost been at historic lows compared to assets under management”

“The secondary market is around two percent of outstanding AUM.”

“Well, a billion in AUM includes is kind of the mark to market, right? It's the value of the total portfolio.”

“I think we've yet to run the math and see a fund that's gone over fifty million that doesn't have to start having some trade-off between ownership and AUM.”

“We have more than a hundred funds now, and based on the assets under management, we charge a AUM fee, which ranges from 30 basis points to 50 basis points of the AUM, so.”

“It's still low, growing. It's about sixty million.”

“I think AUM is the stupidest thing to talk about as a venture firm, because back to what we were talking about earlier, small funds outperform larger funds, and so you really shouldn't be talking about how much capital you've raised. I'm okay with people talki…”

“So Aries today is about 2600 people. We have 30 offices. The rough breakdown today is about 700 in New York, 700 in L.A. And about 400 in London. And then the balance are either folks out originating new deals or looking for clients. 360 something billion of A…”

“The minimum you need five hundred million to a billion to make it a long-term business, sustainable business”

“So we're two billion dollars in AUM, our five percent Target is roughly a hundred million dollars. So half of that, fifty million dollars is what we took out.”

“When you're trying to raise AUM, your customer is not the company. It's your customer is the LP.”

“Currently our total AUM I think is around 25, twenty-seven million.”

“One of the things we see is that of the 71 trillion dollars of assets under management, this number is unbelievable. Only 1.3% are from diverse owned firms. 3.9% of mutual funds are diverse owned. 8.9% of hedge funds and 1.2% of real estate funds.”

“We manage close to six funds now. This is across six funds. We have about four and 50 million dollars of assets under management in terms of equity across the six funds. And from the six funds we've made close to 69 investments and 32 full and partial exits”

“So we are a seed fund and seed funds, as you know, will never become very large in AUM. Some of the most successful seed funds in America are yet 152 hundred million dollars, two hundred and fifty million dollars at most.”

“We don't raise funds on a set and periodic cycle. And we've intentionally decided not to grow our fund size or assets under management”

“I mean, at this point, there's a hundred million AUM that I'm responsible for.”

“There's a lot of studies that suggest that returns go down as funds get larger in AUM. There's a ton of studies that show that.”

“And the first two, while they're about deterioration, the last one, liquidity deterioration, is about being in business. And it's the only fatal one of the three choices. And so, for example, I've yet to see a manager that has experienced a significant liquidi…”

“And if all I need is a two X on the portfolio, you should go to an established firm that's been around for a long time and has billions of dollars under management because they have the highest certainty of getting you there. If you're sitting there and thinki…”

“As AUM rises, the opportunity set tends to fall. So as you gravitate towards larger managers, that larger capital base acts as a constraint on the opportunity set itself. So there's a sweet spot. That sweet spot might be measured in a small billions or a high …”