It is with great excitement that we announce the second investment by The European VC Operator LP Syndicates 😍 In this special “Memo episode” we’re diving deep on Pacenotes with the founding team: Jeroen Van Doornik and Menno Rijnsburger. The TL:DR being 👉 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 €285 M, which gives them a much coveted skillset of the next generation of FoF investors.

In this episode, you’ll 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 fund’s main strike zone on direct investments.