Last premium post: Capital calls to pay off a GP loan - on the ethics and intricacies of a common capital call tactic
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LP Investing Lessons Podcast 🎙️
Welcome back, you can find all previous episodes on the web or on Spotify.
This is the first time I’ve had a GP on the podcast, but after listening I think you’ll agree that his perspective on the types of tricks that GPs can pull is both unique and valuable to the LP audience.
Here’s a full list of discussed topics:
GP Ethics
Misalignment of Interests between GP and LP
Capital Calls
Investor Relations (IR) role
Unsophisticated Investors
Debt / Preferred Equity Investments
Collateral
Due Diligence
Capital Allocation/Diversification
Cap Rate and Debt Service Spread
As a reminder, the purpose of many of my posts is to inform LPs what they should be on the look out for (because it happens). The below tweet explains how I think about the challenge of spreading these “negative” stories:
In order to keep the person’s anonymity, I had to redact some comments throughout the recording … but I think you’ll agree that the takeaways are crystal clear.
Let me know if you enjoyed this and respond to this email if you have a story to share - these interviews are always anonymous to both the GP and the LP.
I look forward to your feedback!
