Searching...
19 results for “limited partners”
VC sorry. LPs are focused on DPI because there's been a real DPI crisis. Our program is a little bit newer, and so as a result, we were, you know, I I I recommended that we think about cash flows and distributions in a fifteen year cycle just because
11:57 / 13:14
from transcript11:57 – 13:14
Helping these firms prepare for this challenge, make sure that they're clearly articulating their right to win, making sure that they have the skill and talent in every area that matters that is required to compete for whatever capital is available.
24:01 / 25:14
from transcript24:01 – 25:14
some closed sessions l p l p only where people are banging the DPI drum and I said, well, wait a minute. The DPI that seems like a you problem, not a me problem. Why are you asking our managers to sell their best companies, even parts of them in the
17:08 / 18:17
from transcript17:08 – 18:17
Now, Devin, you said something else that caught my attention that I wanna come back to, and that is, you know, you talk to your LP community sometimes, and they say, holy cow. 500 companies, nobody looks like you guys. How do you do that? And listene
12:42 / 13:49
from transcript12:42 – 13:49
...Acquisition Partners two, will help return capital to LPs, but this won't immediately translate to new commitments. Many GPs misinterpret this dynamic, seeing the return of capital as a catalyst for renewed LP interest. Instead, LPs will initially di
1:30 / 2:41
from transcript1:30 – 2:41
with atomic. We have a lot of LP overlap. So I think what I've learned is interesting. One, none of them want another manager. They don't. Okay? It's not that they won't take another manager in. They will. If you or I sent one of them an email and sa
33:42 / 34:50
from transcript33:42 – 34:50
...my limited understanding from the limited overlap is that the LPs did not expect 95% of that fund to be called in the first year. On the reality, from what I understand, and I speak to a lot of LPs, if you had the chance to produce DPI last year and
39:31 / 40:45
from transcript39:31 – 40:45
but they do not solve the fundamental shortage of external exit demand. Two, changes in LP portfolio construction. Faced with longer holding periods, LP will reduce commitments and rethink portfolio strategy. Topics I explored in reconstructing priva
6:49 / 7:52
from transcript6:49 – 7:52
So I think if we believe those companies should stay private longer, we should build system that allow you to actually sell big portion of the cap table without signaling, and there is different class with different cost of capital that their job is
32:50 / 34:09
from transcript32:50 – 34:09
because we won't get fired for doing Andreessen, but we will get fired for putting 10,000,000 into Haystack if Samil suddenly goes off the plot. That worries me. That hasn't been my experience. I think most people have barbelled. And so the people wh
37:20 / 38:34
from transcript37:20 – 38:34
Are you gonna hold it against me Right. In the future? And maybe some LPs will and maybe some LPs won't. And and I think the challenge too is that LPs have very differing liquidity needs. Some would just like to see as much compounding as possible. R
17:19 / 18:20
from transcript17:19 – 18:20
that's really the name of the game to capture a couple of those big winners. Absolutely. And so you mean the allocations are still flowing as they were before? Because the fundraising part has, as we see, has become more difficult, and it's harder, a
17:14 / 18:18
from transcript17:14 – 18:18
...partnership with a limited partner is that you can point to a part of their portfolio that you helped to change, but you didn't get paid for it.
14:13 / 15:17
from transcript14:13 – 15:17
The dominant noun narratives for LPs are all around liquidity and constraint or changes in the market that might be eroding traditional LP control over this market. The lack of liquidity and the lack of exits, what that does to the fundraising enviro
24:32 / 25:53
from transcript24:32 – 25:53
If there's a round being done in a company that you're investors in, especially if you're a small new fund, you can go to the founder and be like, look, founder, you've taken some money off the table. Like, I won't be in business in five years if I c
35:15 / 36:15
from transcript35:15 – 36:15
Many GPs misinterpret this dynamic, seeing the return of capital as a catalyst for renewed LP interest. Instead, LPs will initially direct exit proceeds toward public market strategies. This rebalancing must continue until the excess commitments from
2:20 / 3:25
from transcript2:20 – 3:25
heavy 35, 40% allocation. Yeah. But that was in a time when liquidity was much better, and actually your hit rate on selection was much better. Now your hit rate is way lower and you've got real illiquidity. Yeah. Well, so so you've seen, you know, h
33:35 / 35:08
from transcript33:35 – 35:08
You, like, analyze, should I invest in this company? Well, a disposition committee is the exact same thing just in reverse. I'm already an investor in this company. How should we think about getting out of the company? Oh, there's secondary. Can we f
23:59 / 25:04
from transcript23:59 – 25:04
So we were preparing, we were getting involved in companies that had lots of potential. And then twenty nineteen, twenty twenty, ZURP comes along, day trading at home over COVID. And 10 on forty, ten on forty, twenty on 80. Tiger looks at a 16 z and
26:15 / 27:54
from transcript26:15 – 27:54
Have a podcast?
Run your podcast through Clypt
Get ranked clips, hooks, and ready-to-post copy from your own episodes. Free to try.