LP Digest #88

GP coinvests, losing LP capital, multifamily financials, and more

1. Last premium posts: when “senior” isn’t senior (what happens when you invest in debt without the benefits)

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Worthwhile read on GP coinvests (more in post); a bit on the topic from my perspective in:

• Top 15 syndication mistakes

• Second LP Investment Pillar: Alignment of Interests

• A deep dive on GP-LP Match data

Worthwhile to read through this (see quote tweets and comments) to understand the different perspectives on a GP losing capital; equally helpful for LPs to understand what happened along the way to learn from other people’s mistakes. Recommend reading:

• Why most LP investments won’t 2x your money

• 5 ways in which real estate can lose you money

Robbie Hendricks@robbiehendricks

I’d like to give Brandon Turner sincere credit for this post on IG. He fully owned up to the loss of LP capital publicly. Explained his responsibility, which is the most important, along with the market factors the affected the downfall of this deal. This is exactly how a

12:02 AM · May 24, 2026 · 350K Views

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84 Replies · 7 Reposts · 322 Likes

Worthwhile article for LPs to understand underwriting and accounting implications a bit deeper

Interesting data on LPs within the VC space (more in link) - I think most of this is also true within real estate today from what I’ve seen

I usually end these with a meme, but today I wanted to share this story because it’s quite fascinating and the implications are worthwhile to think through

signüll@signulll

the web 2 era subsidy was: “we’ll lose money to acquire users.” the ai era subsidy is likely: “we’ll lose money to acquire data.”

shift @joinshiftX

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2:30 AM · May 29, 2026 · 139K Views

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24 Replies · 37 Reposts · 711 Likes

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