Peter Lacaillade

They both have had great career together.

But it's so funny when he was at Blackstone, his parents clearly renegades.

I'm not sure if this was violating the one child policy.

I think it was.

He had a younger brother and they're like, oh, we had so much success with Frank.

They sent his brother to New York and he was living, his brother was going to high school in New York.

So Frank's like 21 years old, 22 years old, working 100 hours a week, not only doing that, but also having to be a father.

So he not only had to raise himself, he had to help raise his brother in his teenage years.

That is a very unique, he's a very unique person.

So is his partner, Jake.

And I think it's finding those outliers.

So is Justin Ishbia.

So is Darren Farber.

I think it's been the key thing

For me, it's identifying those outliers, embracing them, trying to make them the best people they can be.

I give this advice to a number of buyout GPs.

I mean, I think in the venture world, you basically, it's a network thing and you want to have various people that are very highly respected who make introductions on your behalf to the core LPs in that ecosystem.

You don't hire a placement agent.

But if you're a buyout firm, you might want to consider hiring a fundraiser.

But I prefer boutiques generally that are very targeted.