4 ms·
That's actually really hard. Funds sometimes take 1+ years to raise, and then they can invest over a period of 2-4 years with capital committed for 10 years. Ha
by ksj2114 6y ago
That's actually really hard. Funds sometimes take 1+ years to raise, and then they can invest over a period of 2-4 years with capital committed for 10 years. Hard to time that
- fludlight 6y agoThe full paper gives a another reason: if you decline to invest in one fund, the GP might not let you invest in the next one.
- SanchoPanda 6y agoThat is so hard to measure. Is undersizing a commitment to one vintage a black mark? I'm skeptical of that reasoning.