drawdown funds

1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement May 5, 2026 by Tony James · across every show →

Everything said about drawdown funds, oldest first

May 5, 2026 bearish
Insight
Traditional private equity drawdown funds deliver net returns comparable to municipal bonds
“What I don't like about drawdown funds, the traditional private equity fund is, you know, you commit to them, they charge your management fees for a while, They find a deal, they draw it down, so your money's not been in the ground for a few years. And then a …”
Tony James May 5, 2026 ▶ 1:13:55 Building Blackstone, Backing Costco, and Working with Munger | Tony James on The a16z Show
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