All Questions

You can, but you will need LPAC approval. 

You can, but you will need LPAC approval. 

Here are some potential causes of LP concerns during diligencing on GPs: • Size of fund too large for new manager • Large # of deals per person • Poor updates  • Small network • Bad references from portfolio founders  • Bad references fr...

Here are some potential causes of LP concerns during diligencing on GPs: • Size of fund too large for new manager • Large # of deals per person • Poor updates  • Small network • Bad references from portfolio founders  • Bad references from co-investors  • Unfamiliar sector • GP is unable to openly discuss previous investment mistakes • GPs track record doesn't match the thesis

This is an impossible question to answer because LP objections are dependent on the manager's thesis and the LP archetype. Unless 1 in 5 LPs sign a PACT, a manager's thesis needs improvement. 

This is an impossible question to answer because LP objections are dependent on the manager's thesis and the LP archetype. Unless 1 in 5 LPs sign a PACT, a manager's thesis needs improvement. 

Read the following articles: https://govclab.com/2023/04/27/lp-archetypes/ https://govclab.com/the-venture-capitalists-guide-to-limited-partners/

Read the following articles: https://govclab.com/2023/04/27/lp-archetypes/ https://govclab.com/the-venture-capitalists-guide-to-limited-partners/

Attribution answers the question of how critical you were in making that specific investment that happen at the fund. For example - did you source the deal from external channels or were given the deal internally due to your particular d...

Attribution answers the question of how critical you were in making that specific investment that happen at the fund. For example - did you source the deal from external channels or were given the deal internally due to your particular domain expertise, for instance? The point is LPs need to believe that once you left the old fund, your personal network is strong enough to attract the best founders to your new fund. To do this, they are likely to require the following in diligence: 1) require the permission of the partners/organization to share the performance of the deals you worked with LPs  2) allow LPs to diligence records of deal related performance data and information such as Deal Memos 3) diligence records showing that you sourced and invested in those deals