Chas Cocke is the founder of LB Partners and a former co-founder of Investure, one of the original scaled OCIO businesses. Chas has followed an atypical path from a decade as an allocator to a focus on stock picking, first building an internal direct team at Investure and then on his own. Chas opened and closed LB to new capital on day one in his flagship fund, and recently created a digital infrastructure index that trades as an ETF under the ticker BYTE.
Our conversation covers Chas’ path to allocation, lessons learned at UVIMCO, key aspects of successful manager selection at Investure, and his passion for and transition to direct investing. We close with the application of lessons to his investment process.