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Happy Friday and welcome to another week of the digest!
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A great reminder for LPs from a GP
Don’t confuse expected and unexpected capital calls
Uncomfortable truth on unexpected capital calls (see above if that’s unclear)
Being a buyer means you control the asset and its destiny, but also means you (usually) paid the highest price
Reflections from 100 (!!) LP positions
Don’t be either of these - stay humble and learn
What catalysts need to occur for an investment to deeply over/underperform?
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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Find GPs in unique asset classes/geographies on my monthly intro post (see LinkedIn’s post as well for more)
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