LP Investing Digest #14
LP Investing Digest #14
Tweets on investing, and anything else helpful to LPs
Welcome to the 119 subscribers and 4 premium subscribers who joined since the last issue!
Last premium post: Is my investment distressed? (2 week series!)
Last free posts: Index of all 2023 LP articles and LP Investing Digest #13
Announcements:
📈 GP Introductions!!! Check out Twitter and LinkedIn for my occasional GP/LP introduction posts where hundreds of GPs introduce themselves - hope you will engage and find something of interest!
📚 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.
🎙️New podcast up - two part series on the GP/LP relationship and a deep discussion on capital calls
As always, my podcast appearances are not an endorsement of the host
If you enjoy a particular podcast and think I should be on, please reply to this email
Happy Friday and welcome to another week of the digest!
These weekly posts are free and I hope you’ll consider upgrading to premium as a way to say thank you.
By upgrading to Premium, you’ll get:
✍️ Weekly premium articles on LP investing
📚 Full access the archive of all 30+ previously published articles (see full article index here)
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Great resource to find interesting things to read on the topic of investing
Be mindful of how much you’re committing to a given strategy, property, or a single GP
Important note on how pref works in the GP/LP relationship
Manufacturing supply by state
Apartment supply by city
LP investments are only passive if you actively due diligence in the beginning…
A simple reminder that I will continue to annoy you about :)
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.
Whether you’re an LP, want to learn to become one, or affiliated with LPs (GPs, Attorneys, CPAs, Wealth Advisors) I hope you’ll consider subscribing and sharing this post to help others make more informed investment decisions.
When you’re ready, I could help you in 3 ways - simply reply to this email if one is of interest:
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.
LP Community - join my free 1,600+ member LP community on Twitter
Find GPs in unique asset classes/geographies on my monthly intro post (see LinkedIn’s post as well for more)
General Partners:
Deck review - I’ll look over your marketing materials from the perspective of an LP and provide slide by slide commentary to improve your pitch
Investment review - I’ll provide independent feedback on an opportunity you’re pursuing
Capital call advisory - you suspect that you’ll need to make a capital call, but aren’t sure how to proceed or communicate the message.
Other - anything from waterfall/fee advisory to disagreements between co-GPs on the proper path given a set of circumstances
General Consulting: modeling, strategic advisory, underwriting training, etc.
If you’d like to speak on the phone, you can set up an initial consultation.