or use a VCS that allows partial checkouts of repositories. There's no DVCS that I know of that can do that, but for example SVN can. Git LFS might be an option, too. There are also commercial products that target that market.
I just wanted to point out that reaching a measly TB of data doesn't require much effort. (worked on a product that would version rendered clips for special effect production).
You can do that with content, you just partition the workspace/view of the monorepo to what each person needs rather than checking the entire thing out git style.
