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are fund returns tracked properly... anywhere? My experience with being a limited partner (LP) in ... places... is that each LP experiences wildly different ret
by vmception 4y ago
are fund returns tracked properly... anywhere? My experience with being a limited partner (LP) in ... places... is that each LP experiences wildly different returns based on what deals they are part of.
Its not like you invest in these kinds of funds at a certain watermark and hope your investment is at the time where things go up. you have no exposure to prior investments no matter how awesome or poor they were.
For funds that collect all the capital up front and close off, maybe thats fine.
For hedge funds (with a neat sidepocket) or other more open-ended funds it seems like you need multiple graphs based on when invested.
- smabie 4y agoExactly this: speaking from experience fund returns are highly bespoke and depend on the individual LP. People should be very weary of publicly stated returns, especially for VC funds.