David Clark

So what's the takeaway here? LPs need to optimise for quality, not for size. The best managers can consistently deliver outperformance at scale, with greater predictability and lower volatility. /7 https://t.co/5DU9Ja9FRO

The median size of these funds was $500m. Yes, $500m. Our top 5 performing funds included an $800m+ growth fund and a $1bn early-stage fund. The perception that only small funds can outperform is 100% wrong. It's great managers that outperform. /6