Toney: LP GP commit requirements should scale with manager net worth
Lo Toney · 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 · Jun 26, 2020 · at 23:59
Lo Toney, Founding Managing Partner at Plexo Capital, proposes a framework for LPs to assess general partner commitment amounts based on individual financial circumstances.
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“I think a better way to think about it is, how much is the commit relative to what the nest egg is for the GP? How much is the GP going to actually feel this one, two, three percent?”
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