LP Investing Digest #13
LP Investing Digest #13
Tweets on investing, and anything else helpful to LPs
Welcome to the 45 subscribers and 7 new premium subscribers who joined since the last issue!
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Last free posts: Index of all 2023 LP articles and LP Investing Digest #12
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LP Cohort - review 4 separate memos together with me and other LPs to learn how to vet LP investments. If you’re interested in February’s cohort, I have one spot left. Please respond to this email.
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Happy Friday and welcome to another week of the digest!
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Another great free learning opportunity for LP investors (not endorsing obviously, just seems helpful)
An interesting post talking through rent growth and negative leverage
A reminder to be weary about your counterparty’s interests - not saying this is good or bad (haven’t vetted)… but some of these numbers make me question the content’s true value
A risk that’s particularly important with a GP that has a smaller/inexperienced team or an older Principal
AUM and size doesn’t tell the entire story…don’t let that (or any one factor such as IRR) make decisions for you
The worst ways to learn LP investing
A really important reminder how hard it is to produce high returns consistently (and the implication that high returns carry risk)
Thank you for reading! I genuinely hope you found this helpful - the best way to say thank you is to spread the word.
I advise LPs on existing and potential positions and write articles here weekly on what I see in the marketplace that could help you invest better. You can find me on LinkedIn or Twitter.
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Limited Partners:
Potential positions - you’re considering investing and need an independent opinion
Existing positions - there’s a lack of communication, you’re concerned about fraud, or perhaps you got a capital call request and you’re not sure how to proceed. I have also helped LPs with a “post-mortem” analysis on deals that didn’t work out - it’s important to learn these lessons as opposed to just blaming the GP.
LP Cohort - review 4 separate memos together with me and other LPs to learn how to vet LP investments.
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