10X Capital Podcast
The 10X Capital podcast interviews the world's premier institutional investors to deliver insights on how they manage their capital. Interview topics include investment decision frameworks, capital allocation strategies, GP/LP relationships and many more.
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.
Key Points
- Venture capital in Latin America, particularly Mexico, is significantly under-allocated compared to the US and Europe, presenting a compelling opportunity for sophisticated investors.
- Asset Capital's focus on early-stage US funds and emerging managers allows for high potential returns, with a strong emphasis on aligning reserve strategies to maximize investment outcomes.
- Educating LPs about the unique characteristics and long-term benefits of venture capital is crucial, especially for those accustomed to more liquid, cash-flowing investments like real estate.
Chapters
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| 1:01 | |
| 2:48 | |
| 6:23 | |
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| 19:45 | |
| 23:09 | |
| 24:51 | |
| 26:04 |
Transcript
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