general partner

“Where people get into trouble as they raise larger and larger funds in a strategy that maybe it's the right time to raise a larger fund, but maybe it's not. It just, it, what's the opportunity set? So they kept raising larger and larger funds”

“And by the way, I think for some of the traditional sovereign wealth funds in, in, in pension funds, you know, they've had sort of unfettered access to GPs. And I think that they've got more competition coming in from the wealth channel and insurance channel.”

“Unfortunately, we compete against 19,000 GPs.”

“We operate much more like a GP in that way. And frankly, look to hire people that come from GPs or operators rather than just a traditional LP background.”

“The dirty secret to the relationship is that very few, some do, very few limited partners are actually Compensated on the returns that the general partner makes.”