Industry players warn of conflicts in evolving GP-LP relationship - AVCJ Forum
Institutional investors globally are looking to reduce the number of GPs in their portfolios with a view to writing bigger checks for – and having deeper relationships with – a smaller number of managers, but this lack of diversification in the LP base can be problematic for GPs.
To illustrate this point, Peter Wiggs, CEO of Archer Capital, gave a hypothetical example: If a GP were seeking to raise $1 billion and had $3 billion in demand from 70 LPs, reaching the target should...
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