LP Digest #75
MF rents, Carried Interest, Distressed, and pitching yourself as an LP
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Two useful posts on rental rates by market (full posts in link)
As I wrote in my 2025 predictions gain to lease continues to be a hot topic (and one that many LPs miss in underwriting assumptions by the way)
A worthwhile read and a reminder that you (as LP) should never assume anything based on a conversation or a deck - small changes in legal language can be extremely painful (with no return of capital clause being the worst offender) - see link below for more of the post.
I think this is a good reminder that the best GPs will often choose which LPs to leave allocations for, so it’s worthwhile to explain your background a bit prior to going straight into due diligence questions. As Steffen points out, listening in on these tips is crucial.
This is funny but also incredibly true - everyone wants distress until they see what it looks like
In place of our regular meme spot, I wanted to quickly say thank you to all of you who “jump started” my GP-LP Match journey. We’re now a team of 5 and there’s so much to come - if you’re a GP or an LP please register in under a minute or reply to this email, I’d love to help!
When you’re ready, I could help you in 2 ways - my email is aleksey@gplpmatch.com:
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