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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...

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What are some objections from LPs as an emerging manager and how to handle them

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Jul 20, 2023

Seeking what are some typical objections LPs may ask from a First-Time / Emerging Manager and how best to answer them. Try to craft my answers to get closer to more "Yes"

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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. 

 -  Mike Suprovici
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Attribution Letter Options

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Jun 23, 2023

Coming out of a CVC that invested on a balance sheet basis not a fund basis, what is a good example on getting an attribution letter? Some options I was thinking: • Letter stating that the investments on my deal sheet were led and executed by me •...

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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...