Invest Like the Best with Patrick O'Shaughnessy

Peter Lacaillade - Backing The Best Managers In Private Markets - [Invest Like the Best, EP.437]

260 snips
Aug 12, 2025
Guest
Peter Lacaillade
Peter Lacaillade, Chief Investment Officer at SCS Financial, oversees a massive $50 billion in private investments for ultra-high-net-worth families. He discusses the advantages of SCS's pooled vehicle structure that competes with institutional giants, highlighting how proper vetting and character assessment are crucial in private equity. Lacaillade also dives into the rise of independent sponsors, AI's role in investment strategies, and how exceptional managers set themselves apart. Explore the dynamics of private markets shifting toward a more engaged approach with strong partner relationships.
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INSIGHT

Private Equity Creates Strategic, Durable Value

  • Peter Lacaillade argues private equity creates durable, strategic value across companies and generates long-term alpha.
  • He says top managers persist and can deliver high-teens to low-20s IRRs net when chosen well.
INSIGHT

Scale Lets Wealth Platforms Act Institutional

  • Peter Lacaillade highlights scale and wealthy clients let SCS behave like top endowments and target 30–40% private allocations.
  • He says building a credible alternative program typically needs billions in AUM to access best managers.
INSIGHT

Pooled Vehicles Create Institutional Access

  • Peter Lacaillade explains SCS uses pooled vehicles set up every two years to mimic institutional LP behaviour and win access.
  • The structure gives vintage diversification and lets clients flex allocations over time.
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