Anyone with GP & LP experience?
I just wanted to hear about your experiences with both and what you liked/didn't like. Thanks.
I just wanted to hear about your experiences with both and what you liked/didn't like. Thanks.
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Could you be more specific?
I personally dislike be promised quarterly statements/capital account statements by a certain period and then having to deal with a 1-2 week delay every time (being the LP).
i'd love to know more as well.
If you guys have more specific questions, I could try to answer them...
Right... so maybe you could elaborate a bit about what kind of experiences you would like to know more about?
My experiences with GPs have been mixed but there's not a lot of sense of communicating all that without some focal point.
Did you find analyzing potential companies to acquire to be more enjoyable than analyzing potential funds to invest in?
analyzing potential companies is far more exciting than potential funds.
Probably not so easy to find someone with extensive experience in both.
I'd actually also be interested how far LPs go in their analysis of their GPs individual investments.
From my (current) view, I think analyzing companies should simply provide for a bit more versatility when it comes to understanding businesses. A lot of fund investment decisions seem to be based on "believing" in equity stories which means you need to judge investors on a personal level.
But please rely on the information of someone who is more senior than I am. ;)
That's how I feel. But I'm guessing as an LP, you would get more exposure to a variety of funds and their portfolio holdings rather than to a specific asset class or sector.
That’s true but you don’t really get involved in the process of the funds investments once you committed your capital to that fund (at least thats what i see in our team), you just get their capital statements, reports, distributions and drawdowns...etc
Does most of your work consist of screening new fund investment opportunities?
I'm fairly new as this is my first real job (4 months now), but we do Both. Direct Investments and PE funds.
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