Management Company
topic on 4 shows · 6 statements across 5 episodes
Sourcery 
Capital Allocators 
20VC 
Acquired
6 statements about Management Company, every show
Selling Management Company Stakes Is a Massive LP Red Flag
“It's a, it is a massive red flag for us, and I would say most institutional LPs.”
Vasavada: GPs expensing private jets to investment funds is a scam
“And then what a lot of GPs do or a lot of managers do is they actually expense these planes or the operating costs from their fund. Which is, I feel like a complete scam, but you can basically deduct The cost of operating an aircraft from the actual fund, whic…”
Charles: Complexity in private equity management companies grows non-linearly with scale
“The management company, the GP, that is a complex business. And as the firms grow, And mature. That complexity increases in non-linear ways.”
Traditional VC firms denied junior partners management company governance and fee rights
“The split of the carry in any individual fund, while it tends to reflect ownership in the management company, these are two wholly different entities. And so what you often had and what you had with all these firms, these old firms back at this point in time, …”
VC management company owners sweep net management fee profits at year-end
“It has always been a well-compensated profession, so it's not like the owners of the management company were back there saying, we're not gonna pay any cash out and sell, no, they would pay a high salary, but then they would get to keep everything remaining in…”
Biscardi: Context Capital structures partnerships via joint ventures or revenue shares
“In some cases, we've actually co-owned the GP and the management company, and it is a legitimate joint venture. And in other situations, we've done it as more of a revenue share and then provided those services back.”