Limited Partner (LP) Investing Lessons

Limited Partner (LP) Investing Lessons

Is it time to double down?

A letter to LPs on GP Concentration

Aleksey Chernobelskiy's avatar
Aleksey Chernobelskiy
May 16, 2025
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Welcome back and happy Friday!

I was planning on dropping this article around Thanksgiving, but some things just can’t wait.

I keep coming across LPs who reinvest with GPs, and I think it’s time to dissect the topic in detail:

  • What signals are bad reasons to reinvest with the same GP?

  • What signals are good reasons to reinvest with the same GP?

Hopefully you’…

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