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I don’t have enough experience at the institutional level to tell you precisely. At the smaller scale, though it just means that returns that were above and be
by AndrewKemendo 3y ago
I don’t have enough experience at the institutional level to tell you precisely.
At the smaller scale, though it just means that returns that were above and beyond distribution expectations so, for example, what the fund returns separate from the LP distribution, and then separate from distributions to partners is you know basically that net margin for the fund overall so that they would use as seeds for another fund or something like that. So effectively they are just not opening other fund lines, because none of the investments or markets that are coming up, match a risk profile for the amount of interest you can get back in other methods now.