EUVC VC | E496 | Cracking the LP Code: Dario de Wet on Building a Global FoF from Europe
Jun 18, 2025
Dario de Wet, Founding Partner of LTV Capital—a fund-of-funds innovating in the venture capital space—shares his insights on the evolving LP-GP dynamics. He discusses the unique challenges faced by emerging fund managers, particularly in Europe and underserved markets. Dario explores the impact of narrative on investment success and contrasts US and European GP strategies. The conversation also emphasizes the importance of education, relationship-building, and adaptability in the competitive venture landscape.
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Raise Funds With Intentional Networking
- Raise your fund by being intentional about your network and thesis evolution.
- Focus on making your pitch memorable beyond just the deck or track record.
Pitch Essentials: Contact and Size
- Always include your contact info and fund size in pitch materials.
- Build your fund as a firm to create long-term success foundations.
Regional Differences in GP Mindset
- US GPs tend to be operator-led with higher risk appetite; Europeans tend toward conservative corporate finance mindsets.
- African emerging managers often emulate the US model due to influences and market dynamics.
