#60 The Memo - Pacenotes, Jeroen Van Doornik & Menno Rijnsburger
EUVC - Een podcast door The European VC
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It is with great excitement that we announce the second investment by The European VC Operator LP Syndicates š In this special āMemo episodeā weāre diving deep on Pacenotes with the founding team: Jeroen Van Doornik and Menno Rijnsburger. The TL:DR being š Pacenotes gives us access to a proven strategy of investing in top tier funds and co-investments in the winners of their portfolio for strong risk-adjusted returns. To sprinkle some hotness on it, Jeroen is an exited founder and tech investor who, together with Menno, has built two tech funds of ā¬285 M, which gives them a much coveted skillset of the next generation of FoF investors. In this episode, youāll learn: - How a top-tier fund of funds strategy leverages direct investing to create strong risk-adjusted returns that actually rival top-quartile VC funds.- What Pacenotes looks for in their managers and why they focus on the more established VCs with a proven ability to replicate multiples of 3x and above.- How Jeroen thinks about diversification in their strategy.- How Pacenotes use SPVs to expand beyond the fundās main strike zone on direct investments.