Invest Like the Best with Patrick O'Shaughnessy
Description
My guest today is Peter Lacaillade. Peter is the Chief Investment Officer for Private Investments at SCS Financial and has built one of the most respected private equity allocation platforms in wealth management, overseeing $50 billion for ultra-high-net-worth families and earning the same access as top-tier endowments. He shares how SCS's pooled vehicle structure enables them to compete with institutional giants for the best funds, avoiding the adverse selection that plagues most wealth platforms. Peter shares his investment philosophy across lower middle market buyouts, emerging independent sponsors, and early bets on category-defining managers like Thrive Capital and Shore Capital. We discuss what separates exceptional private equity managers, the evolution of the industry toward AI-powered strategies, and private markets going mainstream. Please enjoy this conversation with Peter Lacaillade.
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
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This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. Head to ridgelineapps.com to learn more about the platform.
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Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:04:31) Advantages of Private Equity Over Public Markets
(00:08:59) Talent Acquisition and Growth at SCS
(00:10:28) SCS's Wealth Management Strategy
(00:19:51) Challenges and Risks in Private Equity
(00:26:06) The Future of Wealth Management
(00:12:42) Trends in Private Equity
(00:20:14) Challenges and Risks in Private Equity1
(00:22:58) Building Successful Private Equity Partnerships
(00:26:06) The State of the Wealth Management Industry
(00:35:07) Lower Middle Market Buyouts and Independent Sponsors
(00:49:38) Introduction to Long Lake and Its Innovative Approach
(00:50:21) AI-Powered Tools for Homeowners Associations
(00:52:46) Permanent Capital Vehicles vs. Drawdown Funds
(00:54:26) The Rise of Holding Companies
(00:57:03) Emerging Trends in Venture Capital
01:05:44) The Role of Endowments and Liquidity Solutions
(01:10:40) Jake and Frank's Partnership
(01:13:57) The Kindest Thing Anyone Has Ever Done For Peter