Rashmi Kwatra

9 statements across 1 episodes · 3 bullish · 1 bearish · 2 people on the record · first statement Oct 28, 2021 by Ellen Ellison · across every show →

On the record as a speaker too: Rashmi Kwatra's record, appearances and statements → this page counts the times other people say the name.

Everything said about Rashmi Kwatra, oldest first

Oct 28, 2021 bullish

Disclosure

Ellison: University of Illinois layered $5M monthly into Sixteenth Street Capital

“We were going to start with a fairly good allocation, but we thought we'll stay about 10 to 15% of her total fund assets. So I started layering in, I think I did like five million every month for the first five, six months.”

Ellen Ellison Oct 28, 2021 ▶ 8:56 Rashmi Kwatra – Sixteenth Street Capital (Manager Meetings, EP.17)

Oct 28, 2021 negative

Disclosure

Kwatra: Internal fund incubations fail over size and brand ownership caps

“The first step was to launch maybe with Print Street, but it became very clear that launching a fund within a large organization wasn't going to work for the long term, which is all that matters to me. Size was capped. There was not full ownership of the brand…”

Rashmi Kwatra Oct 28, 2021 ▶ 25:36 Rashmi Kwatra – Sixteenth Street Capital (Manager Meetings, EP.17)

Oct 28, 2021 positive

Insight

Access to credit naturally drives informal businesses into the formal economy

“If you create systems for people to be in the more formal economy and show them the benefits such as giving them access to credit, the shift happens automatically.”

Rashmi Kwatra Oct 28, 2021 ▶ 1:03:18 Rashmi Kwatra – Sixteenth Street Capital (Manager Meetings, EP.17)

Oct 28, 2021

Disclosure

Kwatra launched Sixteenth Street Capital with $10 million on day one

“I launched day one with ten million dollars, primarily my own capital and capital from my former partners and fund managers in the region, but I reached back out to one of the investors that was not a Prince Street LP that was interested in coming in day one w…”

Rashmi Kwatra Oct 28, 2021 ▶ 29:29 Rashmi Kwatra – Sixteenth Street Capital (Manager Meetings, EP.17)

Oct 28, 2021

Disclosure

Kwatra rejected half of a $50M anchor offer due to market volatility

“I only took twenty five million of it up front, and then ended up calling for twenty five million at the end of 2018, because it was turning out to be quite a volatile year and start to the fund, and I think really did right by them long term, as well as all o…”

Rashmi Kwatra Oct 28, 2021 ▶ 30:05 Rashmi Kwatra – Sixteenth Street Capital (Manager Meetings, EP.17)

Oct 28, 2021 neutral

Disclosure

Kwatra launched firm after seeing no other women of color in space

“When I thought about it, I couldn't think of one other investor who was a woman doing exactly what I was doing. Nobody in the public markets that looked like me, and I said, it's about time that we have a few more of us.”

Rashmi Kwatra Oct 28, 2021 ▶ 35:08 Rashmi Kwatra – Sixteenth Street Capital (Manager Meetings, EP.17)

Oct 28, 2021

Disclosure

Sixteenth Street concentrates 50% of its portfolio in its top five stocks

“Hold approximately 20 holdings, but our top five can make up 50% of our portfolio, top 10 usually about to 70%”

Rashmi Kwatra Oct 28, 2021 ▶ 38:33 Rashmi Kwatra – Sixteenth Street Capital (Manager Meetings, EP.17)

Oct 28, 2021 bullish

Disclosure

Kwatra: Sixteenth Street Capital requires an IRR hurdle rate north of 25%

“We do have quite a high IRR hurdle rate. It's north of 25%.”

Rashmi Kwatra Oct 28, 2021 ▶ 40:20 Rashmi Kwatra – Sixteenth Street Capital (Manager Meetings, EP.17)

Oct 28, 2021 neutral

Disclosure

Kwatra has seen zero allocations driven purely by female manager mandates

“I definitely have not seen an allocation because somebody was looking directly for a female manager, and I would think that if some of that is closer to action stages, then we would be a great candidate.”

Rashmi Kwatra Oct 28, 2021 ▶ 37:41 Rashmi Kwatra – Sixteenth Street Capital (Manager Meetings, EP.17)

Rashmi Kwatra

Everything said about Rashmi Kwatra, oldest first

Turn any episode into a week of clips.