E37: Munish Randev (Founder & CEO, Cervin Family Office)

Munish Randev is the Founder & CEO at Cervin Family Office. He brings in over 25 years of experience in investment management and family offices. He has advised over 80 families with over $3.2B in financial assets and has worked with many business families in structuring their family governance platforms. Well known in the Indian investment industry for his unique expertise and ethical standards he has been part of many family investment committees and family office boards.

Follow Munish (@MunishRandev), host Akash Bhat (@bhatvakash) and our podcast (@thedesi_vc) on Twitter.

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In this episode, we will cover:

1. Munish’s insights from the year that was 2020 (1:57)

2. Munish’s background and the key milestones that led to the founding of Cervin Family Office (6:17)

3. How have Family Offices evolved over the years in India (12:22)

4. Why are Family Offices attracted to investing in tech startups? (20:29)

5. Who is developing the thesis within Family Offices? (27:29)

6. What kind of returns do Family Offices expect from a) directly investing into startups and b) investing into VC funds as an LP (35:01)

7. Subtle nuances of managing a Family Offices and what must an external fund manager be aware of? (41:00)

8. Things LPs look out for when investing into a new fund manager? (51:34)

9. The average timelines and cycles that Family Offices undertake while reviewing fund managers (56:55)

10. Differences in approach between Cervin and other Family Offices (59:10)

11. Rapid fire (1:03:15)