Giannini: LP advisory boards are a total waste of time
Mario Giannini · Mario Giannini – View from the Top of Private Equity at Hamilton Lane (Capital Allocators, EP.262) · Jul 18, 2022 · at 29:09
Mario Giannini, CEO of private markets investment firm Hamilton Lane, shares his perspective on the efficacy of LP Advisory Committees (LPACs).
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“I think advisory boards are a total effing waste of time. I have learned nothing. Here's what I've learned. Zero. Advisory boards are a place where LPs want to feel important and feel really good, and GPs want to make them feel important and really good, and so you have this weird dynamic of everyone in a room going, wow, we're really important, and we're here.”
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