Ever thought about the unconventional blend of Pension Funds and Venture Capital? We dove deep into this with Jeff Smith on the 10X Capital Podcast. His perspective? It's not as far-fetched as you might think.
Jeff posits that the managers of these pension funds are highly talented and their different return objectives might actually make Venture Capital a sensible choice. Their goal? Deliver equity returns plus an illiquidity premium.
Moreover, Jeff asserts that Venture Capital offers diversification benefits. It's not completely correlated with the market and has the potential for outlier events. Think WhatsApp - it came out of nowhere and disrupted the scene. And that's the allure of Venture - the potential for the unexpected, the extraordinary.
Dive into this intriguing discussion on E68 of the 10X Capital Podcast. You might just start seeing Pension Funds in a new light!
