What's up yall. I have a question for you finance-history nerds.
Raising billions upon billions of dollars is hard, to say the least. Super successful tech founders struggle to raise tens of millions to start a VC fund, super successful traders struggle to raise hundreds of millions to start a hedge fund, etc.
How in tarnation did guys like Schwartzman and Kravis raise such large sums of money in the early days of PE (without a proven track record)?