Paige Finn DohertyFounding Partner, Behind Genius · Founding Partner at Behind Genius Ventures

What type of venture portfolio is Recast Capital Co-Founder Sara Zulkosky most likely to invest in?

9 Feb 2023 · 1 min

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In this interview excerpt, Sara Zulkosky, co‑founder of Recast Capital, explains that Recast is a platform that both invests in and supports emerging venture managers, emphasizing partnerships that bring greater diversity. She and co‑founder Courtney are institutionally trained limited partners (LPs) who believe that early‑stage funds should be appropriately sized for their strategies and that a well‑constructed venture portfolio must include diversified exposure to top emerging managers. Zulkosky notes that while many LPs struggle to access this segment of the market, Recast aims to bridge that gap by selecting high‑quality emerging managers who can generate alpha.

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And I would love if you could talk a bit more about what Recast is and what you all do at Recast. Sure. So Recast is a platform that both invests in and supports emerging managers in venture with a specific focus on more diverse partnerships. The platform was started by myself and Courtney, 2 institutionally trained LPs that had this, you know, perspective that it was in the earlier fund iterations, smaller fund sizes, or said differently, more appropriately sized funds for their strategies. And more diverse partnerships that were generating the alpha that one would expect from their venture portfolio. And, you know, as a result, we felt that any kind of properly constructed venture portfolio should include diversified exposure to emerging managers, but properly selected emerging managers, right? Because no one wants to be a median investor in emerging managers in venture. You certainly want to focus on the top. And but that, you know, that's also a part of the market that is very difficult for many LPs to access.