Yasmine Lacaillade on why fund managers struggle to find banks. Most banks only work with funds managing at least $50-100 million, leaving smaller funds with few options. Private wealth platforms are emerging as an alternative source of capital.
you've worked in both PE and venture and been on the other side of the table. So I'd love to hear more about like that. First and foremost, you're absolutely right. You don't have a choice, right? There aren't 10 banks for you to choose from in terms of who is going to provide your fund, your personal, and your portfolio company's credit needs. I think that It's actually way worse than funds that you said, okay, you have to have at least $50 to $100 million under management. No way. I don't think that's even a, like, I don't think that even causes a banker to blink. Like that is just no, that's still zero money. Yeah. They're, the amount, the dollar amounts that they deal with are so much larger, which is why, by the way, the private wealth management platforms are a great sort of like new LP base.
Paige of Behind Genius driving an AI electric train in St. Louis (Intramotev Visit)
