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anchor LP

also referred to as: anchor lps

4 statements across 3 episodes · 0 bullish · 3 bearish · 3 people on the record · first statement Jun 26, 2020 by Lo Toney · across every show →

Everything said about anchor LP, oldest first

Jun 26, 2020
Assertion Not checkable as stated
Toney: Anchor LPs often negotiate minimum closing thresholds into LPAs
“Often if there's an anchor LP, they anchor themselves might actually negotiate into the limited partner agreement, the LPA, that a close cannot happen until a particular threshold relative to the target size has been met or absolute number.”
Lo Toney Jun 26, 2020 ▶ 14:16 20VC: How Fundraising For Funds Has Changed in The World of COVID, The Benefits of Managers Selling Part of Their GP & How To Think Through Your "Minimum Viable Fund Size" with Lo Toney, Founding Managing Partner @ Plexo Capital
Aug 17, 2020 negative
Insight
Selling management company equity to anchor LPs creates long-term GP resentment
“Giving up a piece of your management company, it makes that LP very expensive. And ultimately, I think, as a GP, you come to resent that.”
Apurva Mehta Aug 17, 2020 ▶ 20:55 20VC: Why Entrepreneurs Care Less About Firm Brand at Seed, How LPs Should Think About GP Commit & How The World of LPs and Fundraising Will Change Post COVID with Apurva Mehta, Managing Partner @ Summit Peak Investments
Jun 23, 2023 negative
Insight
Rob Go: Emerging VCs Should Refuse Anchor LP Requests for Special Economics
“I wouldn't do it. I think it's a sign of strength not to take that deal. It's not very typical in venture, I would say. I, I've heard it's more common in private equity or hedge funds. And so if you're talking to an LP that's very used to anchoring hedge funds…”
Rob Go Jun 23, 2023 ▶ 23:01 Rob Go: The Ultimate Guide to Raising a Venture Fund | E1029 · 20VC with Harry Stebbings
Jun 23, 2023 negative
Insight
Rob Go: Avoid Letting a Single LP Constitute 50% of a Fund
“I think 50% is kind of extreme. I think it's probably unusual that an LP would be willing to do that without some special controls or economics that I would recommend probably steering away from for the most part.”
Rob Go Jun 23, 2023 ▶ 18:00 Rob Go: The Ultimate Guide to Raising a Venture Fund | E1029 · 20VC with Harry Stebbings
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