Limited partners come in a few different varieties, one of the largest, but also most opaque groups is that of the Family Offices, and today’s guest Jamie Rhode, CFA, Vice President at Verdis Investment Management, gives us a glimpse into the large family office world.
Verdis uses a unique data-driven approach to fund allocating that allows them to optimize on their portfolio and ensure they find the outliers.
Prior to Verdis, Jamie was at Bloomberg serving in roles roles in both equity research and credit analysis where she created, managed and leveraged an extensive library of financial and market data for buy and sell-side clients.
In this episode we discuss the following topics:
01:46 Jamie’s journey to Verdis and VC
03:08 How family offices are different from other LPs
04:14 The use of data and decision science and why they invest in seed stage
07:08 Finding the outlier startups and funds using data
08:44 How Jamie ensures diversity of investments
12:32 Life Sciences as an investment sector focus
16:29 Targeting networks that provide consistent outlier production
18:52 Qualitative measures for managers
21:54 Thoughts on reserve ratios, and why she prefers lower reserves.
24:43 The emergence of solo GPs
27:27 The importance brand and of long term goals when talking with LPs
30:39 Making sure their managers hit their minimum viable fund size at first close
33:26 Trends in seed over the next five years
37:08 Biggest learning as an LP
40:10 The common theme amongst successful funds
We’d love to know what you took away from this conversation with Jamie! Follow @SamirKaji and give your insight and questions using the hashtag #ventureunlocked. If you’d like to be considered as a guest or have someone you’d like to hear from (GP or LP), drop a direct message on Twitter.
Jamie Rhode of Family Office Verdis Investment Management on using decision science to drive fund allocation strategy, their view on large portfolio sizes, and biggest trends they see in VC.