What Are Some Overlooked Diligence Questions From LPs?

For the guys at PE shops who interact with LPs (PE or IR team), or people at placement agents, curious to know if there are particular diligence items or questions that LPs completely overlook? Track record, case studies, specific value add initiatives, Carry structure, operating teams, etc. I know it’s a super vague and high-level question, but this is one of those things where “I don’t know what I don’t know”.


i May be prepping for a senior level role at a big west coast pension so want to make sure I have my LP hat on, rather than just thinking purely about TAM, “synergies”, cross selling and acquired ebitda 

Obviously feel free to blind your username to not give your firm away.

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