How I Invest with David Weisburd
E82: Why LPs Use Fund of Funds to Invest into Venture Capital w/ Fernando Saiz
Aug 2, 2024
Fernando Saiz, Co-Founder of Azet Capital, dives into the world of fund of funds strategy in venture capital. He shares insights on the meticulous diligence process for selecting venture funds and what sets Azet apart in its investment decisions. Fernando discusses the challenges of evaluating emerging managers and the importance of relationship-building in this landscape. He also highlights the strategic advantages of investing in Latin America and the vital role limited partners play in supporting general partners and startups.
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Quick takeaways
- Educating Latin American investors about the benefits of venture capital can significantly increase their allocation and support for innovation.
- Azet Capital's diligent selection process emphasizes the importance of relationships and operational checks when investing in emerging venture funds.
Deep dives
The Advantages of Venture Capital
Venture capital is seen as a prime asset class for investors seeking long-term returns due to its potential for significant compounding. Compared to U.S. and European families, Latin American families allocate a much smaller portion of their investments to venture capital, which presents an opportunity for growth in this market. Educating these potential investors about the advantages of venture capital, including supporting innovation and entrepreneurship, is crucial. The podcast emphasizes that institutional investors in the region should reconsider their allocations and embrace venture capital as an essential component of their investment strategy.
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