investment committee

“If I had for my fund, a tagline for my investors, it would be doing the stuff that your investment committee is too scared to let you do.”

“If you want to pick the people that you get to work with, you have to be more than a junior member of the investment team. Typically, if you want to pick the investments, you have to be a voting member of the IC.”

“At TPG, when we would go to investment committee, we always had a red team. It's kind of like goes back to journalism when you had someone who said, if you were to take the exact opposite perspective of the argument that's being made by the investment committe…”

“One thing we do now is the junior person always goes first after we have investment committee. So we go associate to principal to partner to GP, right? And so for everything, for opinions, the general partners always go last. Because if the GPs talk first, eve…”

“Three is better than two. That's a best practice. And by the way, five is, is not five is better than four. For instance, these odd numbers tend to be good things in terms of, and there's good data. Pardon me. There's good data to back all that up”

“And so I would honestly say that we've never lost the deal because of an IC bottleneck.”

“That's why we did away with the IC at Blossom.”

“We do standing investment committee Every other Monday, right? But for co-investments, there's no, we don't need to convene investment committee. You send out a memo, and the investment committee has 48 hours to reply.”

“The investment committee I mean, I can count on one hand the amount of funds or co-investments that have been declined in my 12 years, and I remember them well.”