E6: Steve Chasan | Head of Investments - Rothschild Foundation on how GPs Can Navigate the VC Reset

David Weisburd sits down with Steve Chasan, the Head of Investment at the Rothschild Foundation and for other philanthropic endowments led by Lord Jacob Rothschild. In this episode, they go deep into the LP mindset, covering the best practices he looks for in GPs and emerging managers, whether pricing discipline exists in VC, and describing the conversations LPs are having internally that GPs never get to hear.

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(0:00) Introduction to Steve Chasan & career journey (2:46) LPs in endowments vs. other asset managers & evaluating asset classes (3:51) State of private markets & fundraising disconnect (5:12) Denominator effect & diversification strategies (6:32) Principal-agent problem & GP growth strategies (9:20) Best practices for GP-LP relationships & transparency (11:17) Beta exposure & style drift in GPs (13:11) Access game & co-investments in venture capital (15:20) Philosophy in investing & systematic biases (17:48) Sponsor: AngelList (18:11) Due diligence importance & impact of entry price (20:57) Venture capital prognostication & deep tech developments (22:25) VC resilience & emerging technologies of interest (25:40) AI applications in venture capital (27:03) Advice for emerging managers & targeting family offices (28:34) LP evaluation strategies for VCs & closing remarks