fund size

“We don't raise funds on a set and periodic cycle. And we've intentionally decided not to grow our fund size or assets under management”

“Ultimately, the price only matters based on the fund size, right?”

“People attribute this to Mike Maple's affiliate and it's a hundred percent true. Like your fund size is your strategy, right?”

“Yes, there is a reduction in fund size for, I would say the much smaller funds, right? In terms of if you could raise a five million dollar fund as your first fund, you're not going to raise that anymore. It's going to be closer to a 1,000,002 million or three…”

“It's certainly hard to make a blanket statement, but I think that fund sizes will go down.”

“What you need to do is to compare fund sizes today with the exit sizes in 10 to 15 years because that's when those companies are ultimately going to become liquid.”

“And you've got to size the fund for the strategy because fund size is the strategy.”

“I agree, and that is why we don't see fund sizes halving, because exactly of what you said, a lot of these opportunities are so capital intensive, because you suddenly have some interesting places to deploy.”