fund manager

“And these people on our platform, they are fund managers in their daily life, and they appreciate the value that we bring.”

“For us as a direct secondary buyer, just for our model, we're more interested in buying typically from employees or departed employees just because for us as an investor in funds, if your fund manager is selling out into a secondary, it's not a great sign for …”

“LPs do look to new fund managers to commit a certain percent of their own capital to the fund. So if someone's trying to raise a fifty million dollar fund, for example, that could mean that there's this expectation of a one to two million dollar GP commitment,…”

“I'd like to see more diversity in fund managers, and the reason for that is simple. It drives better returns”

“Now, the single biggest mistake I see fund managers make is they go out to fundraise with too high a target fundraise.”

“If you get money from endowment A, endowment B, endowment C, endowment D, that all, like, are very close to each other and talk to each other, and then one of them leaves, Then they might all leave. So having diversity of, like, mindset”

“If you're asking me, you're raising a fund, I think you don't want to have too many LPs, but you also want to have diversity. So I think probably max out ideally at least at scale at call it like 20% would be a lot.”

“Be different. Take risk. Don't play it safe. Have a deeply held thesis and just put it out there. Be shocking. Don't be a sheep. Don't follow the playbook.”

“This idea that, oh, woe is me. I can't raise a third fund. I've never returned any capital. Tough luck, right?”