Track record audit

How to catch problems in track record slides

1. Last premium post: LP Investing Lessons Podcast #8

2. Last free post: LP Investing Digest #47 & Full Article Index By Topic

---

Announcements:

1. LP Cohort: Review 4 deals with me and other LPs to learn what to look out for - please reply to this email if it’s of interest.

2. LP Topics: a more advanced ongoing biweekly 1 hour meeting with other LPs where we'll go over investment decks, capital call / distressed situations, and modeling. Please reply to this email if you’re interested.

---

Track Record Audit

Happy Thursday! 👋

Everyone agrees that a track record is important, and I agree - there’s a reason why I put it in the first pillar of LP investing. It might even surprise you that I think it’s more important (from the perspective of an LP) than analyzing the property itself, which is the third and last pillar.

Today I’ll discuss what I personally look for in track record slides, as well as give 3 examples of how a track record slide might not be as great as it appears.

If you’re an LP, this will teach you what to look for in an investment.

If you’re a GP, this will help you present yourself in the best way possible.