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491. How AI Reshapes LP Allocation Strategy, The Convergence of Venture and Buyout, and Permanent Shifts to Liquidity (Lara Banks)

491. How AI Reshapes LP Allocation Strategy, The Convergence of Venture and Buyout, and Permanent Shifts to Liquidity (Lara Banks)

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Lara Banks of Makena Capital Management joins Nick to discuss How AI Reshapes LP Allocation Strategy, The Convergence of Venture and Buyout, and Permanent Shifts to Liquidity. In this episode we cover:

  • Underwriting New Funds and Long-Term Partnerships
  • Criteria for Investment and Deal Breakers
  • Persistence in Venture and Brand Building
  • CO-Investments and Prepared Minds
  • Alignment and Strategy Drift
  • AI Market and Investment Opportunities
  • Secondaries as a Permanent Shift in Liquidity
  • Value Concentration and Allocation Strategies

Guest Links:

  • Lara’s LinkedIn
  • Makena’s LinkedIn
  • Makena’s Website

The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

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You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

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