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June 4, 2024

E70: Les Baquiran on Building LP Relationships Globally

E70: Les Baquiran on Building LP Relationships Globally

Les Baquiran, Founder of Alpine Capital Advisors, sits down with David Weisburd to discuss insights on building LP relationships globally

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Les Baquiran, Founder of Alpine Capital Advisors, sits down with David Weisburd to discuss insights on building LP relationships globally. In addition, they discuss reasons GP’s hire placement agents, benefits of family offices as LPs, and non-traditional structures LPs like to invest in. 


The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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X / Twitter:

@dweisburd (David Weisburd)


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LinkedIn:

Les Baquiran: https://www.linkedin.com/in/les-baquiran/

David Weisburd: https://www.linkedin.com/in/dweisburd/ 

Alpine Capital Advisors: https://www.linkedin.com/company/alpine-capital-associates/


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LINKS: 

Alpine Capital Advisors: https://alpineca.com/


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NEWSLETTER:

By popular demand, we’ve launched the 10X Capital Podcast newsletter, which offers this week’s venture capital and limited partner news in digestible news bites delivered straight to your email. To subscribe please visit: http://10xcapital.beehiiv.com/ 

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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TIMESTAMPS: 


(0:00) Introduction to Les Baquiran and Alpine Capital Advisors

(2:22) Lessons learned working at Park Hill 

(5:31) The life cycle of working with a GP

(8:02) Geographical reach and strategy for Latin America

(11:54) Raising capital from LPs in different regions

(19:12) Common problems LPs face in the current market

(21:22) The impact of illiquidity on LP investment strategies

(23:34) Examples of bad behavior by GPs

(29:27) Building strong LP-GP relationships

(33:10) Les Baquiran's LP roundtables and gatherings

(36:47) The nuances of being a placement agent

(40:25) Closing remarks