Winning as an Emerging Manager: How to Build Credibility, Conviction, and LP Trust with Courtney McCrea of Recast Capital

Courtney McCrea is the Co-Founder and Managing Partner of Recast Capital, a fund-of-funds and platform dedicated to backing the next generation of venture managers. With decades of experience investing in both blue-chip firms and first-time funds, Courtney brings a unique LP perspective on what truly drives outperformance and how emerging managers can build enduring franchises.In this episode, Courtney and Jacob explore the art and science of standing out in a crowded market—from shaping a compelling story arc and demonstrating authentic access, to developing a strategy that feels differentiated yet credible. She shares common pitfalls GPs make when pitching LPs, why emotional intelligence and operational polish matter, and how to maintain grace and persistence through the long fundraising journey.Finally, Courtney offers practical advice for navigating today’s challenging environment: how to right-size your fund, close capital efficiently, and find overlooked LP archetypes beyond the traditional endowment base. For any GP raising a fund or building toward institutional scale, this conversation delivers both high-level wisdom and tactical guidance straight from one of venture’s most respected LP voices.