E82: Why LPs Use Fund of Funds to Invest into Venture Capital w/ Fernando Saiz

Fernando Saiz, Co-Founder of Azet Capital, sits down with David Weisburd to discuss Azet Capital’s fund of funds strategy in venture capital. Fernando shares his diligence process for selecting venture funds, what differentiates the funds Azet invests in vs. the ones they pass on, and Azet’s strategic value-add to venture GPs.

Speakers

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Fernando Saiz

Guest • 80%

David Weisburd

Host • 20%

Chapters

0:00	Episode preview
1:01	Intro to Azet Capital
2:40	Views on fund reserves and diligence process for fund investments
7:44	Evaluating emerging managers
10:40	Tools for benchmarking and selecting funds
13:44	LP relationships, co-investments, and fund of funds
17:12	Educating LPs on venture capital
20:07	Strategic reasons to take capital from LatAm
23:09	Value-add from seed stage managers
24:56	Final thoughts and closing remarks

Transcript

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