Ignite LP: The Truth About Raising Capital From Institutional Investors with Miguel Silva | Ep246

Episode notes

A strange truth about venture capital: Most people think the real decision-makers are the investors writing checks into startups. But zoom out one layer and you see the real power brokers— the institutions deciding which investors get money in the first place. At the center of that world are giant allocators like CalPERS , the largest public pension fund in the United States. And inside CalPERS sits a small group of people tasked with a deceptively hard job: figuring out which emerging investment managers deserve institutional capital. One of those people is Miguel Silva . On the Ignite Podcast, Miguel pulled back the curtain on how large allocators actually evaluate venture and private equity firms—and what emerging managers often misunderstand about raising capital. What follows is the distilled version for anyone who prefers reading to listening. Inside CalPERS: How Institutional Investors Choose Emerging Managers Imagine running a pension fund responsible for hundreds of billions of dollars. Every year, thousands of fund managers show up with a pitch deck promising alpha.