Peter Lacaillade - Backing The Best Managers In Private Markets - [Invest Like the Best, EP.437]

In this episode of Invest Like the Best, Patrick O'Shaughnessy interviews Peter Lacaillade, the Chief Investment Officer for Private Investments at SCS Financial, about private equity and wealth management. Peter discusses SCS's pooled vehicle structure, which allows them to compete with institutional giants for top-tier funds, and his investment philosophy, which includes lower market buyouts and emerging independent sponsors. He also shares his views on what makes private equity a force for good, the evolution of the industry towards AI-powered strategies, and the risks and opportunities in allocating to private equity, especially with the increasing interest from wealth management clients. The conversation also explores the qualities of exceptional private equity managers and the future of private markets.