Happy Sunday!
Some GPs market their deals by claiming they are a superior alternative to stocks. While private real estate investments can play a critical role in a diversified portfolio for most people, LPs should be cautious when a GP leans too heavily on comparisons to public markets (particularly when they’re presented in a deceptive matter).
Today, I’d like to go through all the methods I’ve seen to date so that you can be more cautious.
Announcements (article continued below):
Conference: I wanted to let you know that I'll be speaking at Reconvene in LA this coming Wednesday (9/17) in case you're attending or would like to.
The 60-minute off-the-record breakout session is titled "State of the Private Capital Market." Designed for sponsors and fund managers raising equity today and for allocators providing it, this session will offer a real-time look into what is getting funded, what is being passed over, and why. I will cover trends across asset classes, across markets, and across investment strategies.
Reconvene, now in its 5th year, is an "un-conference" hosted by Moses Kagan, bringing together two hundred thoughtful real estate operators, developers and investors for a few days of honest, off-the-record conversations about the opportunities and challenges in their businesses. This year's event will take place 9/16-9/18 in Santa Monica, CA.
To learn more about this paid conference, please complete the waitlist form.
🆕GP-LP Match has a new website, Twitter and LinkedIn page - I will be posting a lot more there for content related to the platform so please consider following along and sharing!
“The stock market is too volatile”