LP Investing Digest #4

My tweets on investing, and anything else helpful

Welcome to the 37 subscribers who joined us since the last issue!

1. Last premium post: don’t lose money (seriously)

2. Last free post: top 15 syndication mistakes

3. Announcements:

   1. December LP Cohort has 2 spots remaining - review 4 separate deals together with me and other LPs to learn how to find good LP investments. Simply respond to this email if you’re interested.

   2. Find GPs in unique asset classes/geographies on my recent monthly intro post (see LinkedIn’s post as well for more)

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Happy Friday and welcome to another week of the digest!

These weekly posts are free and I hope you’ll consider sharing them as a way to say thank you.

A great legal checklist for LPs

Real estate values aren’t only driven by rates

Don’t invest based on popularity/social pressure

Great thread from someone who lost $100,000 as an LP

Don’t rush into investment decisions

Less experienced GPs should strive to underpromise and overdeliver (and you should notice that as an LP when evaluating a transaction)

Don’t judge an investment based on AUM

Great commentary from an experienced LP

There’s a reason why Execution is the first of three pillars

Not all experience is created equal

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.

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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

  • LP Course - review 4 separate memos together with me and other LPs to learn how to find good LP investments. I have 3 spots remaining in the December cohort

  • LP Community - free 1,100+ member LP Investor 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

  • 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 schedule an initial consultation here.