Top answer:
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