
E220: Why Family Offices Quietly 5x’d Their Alt Allocations
How I Invest with David Weisburd
Operational Complexity Drives RIAs Away from Alternatives
David Sawyer explains that 40–50% of RIAs cite operational complexity as the top barrier to private markets adoption and why that matters for clients,
Highlights:
- Four kinds of complexity stopping alts adoption: access, legal/regulatory, reporting (K-1s, non-standard NAVs), and liquidity.
- Why operational complexity is the #1 reason many RIAs avoid alts (industry surveys ~40–50%).
- The public → private shift: volatility aversion + search for alpha and predictability.
- Information asymmetry has widened: trillion-dollar GPs vs. individuals and smaller RIAs—why tooling must level the field.
- AI’s role: extract, integrate, and chat with unstructured docs; unified LP workflow from access → diligence → reporting → exit.
- RIA reality: clients already bring outside deals/K-1s—consolidated balance-sheet reporting is now table stakes.
- Why due-diligence management is the sleeper pain point—and how comparative analytics change decisions
- Context for performance: the conversation references Kaplan–Schoar/PME research on PE vs. public markets (as discussed in-episode)
Guest Bio:
David Sawyer is CEO & Co-Founder of Unlimited.ai, an AI-native platform built to orchestrate LP workflows in private markets. Previously, he served as Managing Partner & COO at Legacy Knight, a multi-family office and alternatives platform, and as Managing Director at CAZ Investments. He holds a J.D. from the University of Houston Law Center, studied at the University of Texas at Austin, and is a CAIA charter holder.
Our Podcast now receives more than 300,000 downloads a month. Are you interested in sponsoring an episode? Please email David Weisburd at david@weisburdcapital.com.
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Links Unlimited.ai: https://www.unlimited.ai/