Swimming with Allocators

Access, Conviction, Returns: Inside A Top Level Venture Playbook


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This week on Swimming with Allocators, Earnest and Alexa welcome Aram Verdiyan, partner at Accolade Partners. Aram shares his journey into venture capital and the principles behind Accolade’s top-performing fund-of-funds strategy. The discussion also covers the importance of access to elite managers, the value of portfolio concentration over diversification, and how disciplined, conviction-driven investing leads to superior returns. Aram delves into Accolade’s early and significant commitment to blockchain, the evolving landscape of liquidity and secondaries, and the firm’s hands-on approach to supporting GPs. Key takeaways include the need for LPs and VCs to focus on long-term relationships, maintain discipline in strategy, and recognize the outsized impact of a few exceptional investments in venture capital.

Highlights from this week’s conversation include:

  • Aram’s Background and Career Path (0:32)
  • Cold Emailing and Early Fund of Funds Experience (3:40)
  • Accolade’s Differentiation and Concentrated Approach (5:44)
  • Venture Returns Dispersion and Benchmarking (8:39)
  • Check Sizing and Manager Alignment (10:58)
  • Re-Up Decisions and Evaluation Vectors (13:59)
  • Identifying Gaps and New Strategies (16:45)
  • Blockchain Investment Thesis (19:13)
  • Advice for LPs Entering Blockchain (21:25)
  • Blockchain and AI Intersection (24:45)
  • Educating GPs and Staying Disciplined (27:59)
  • Supporting Managers as They Scale (29:57)
  • Liquidity Management in Venture (33:31)
  • Connecting with Aram and Parting Thoughts (36:39)
  • Accolade Partners is an alternative asset platform specializing in venture capital, growth equity, and blockchain fund investments. With $7B+ under management, Accolade targets top-tier returns through a highly selective approach to GP partnerships, focused on building concentrated portfolios of the 20-30 firms consistently delivering 3x net outcomes. Learn more at www.accoladepartners.com.

    Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of the world’s most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB’s parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.com.

    Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. 

    The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.


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    Swimming with AllocatorsBy Earnest Sweat, Alexa Binns

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