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Conference Notes on Sourcing Deal Flow & Developing New Business for Private Equity

David Teten

Deal aggregation websites Increasing in popularity, trying to increase market efficiency. Must build and promote your reputation / expertise. Flow is a function of reputation and share of mind in target market. Zubin Avari, Charter Oak Equity LP Christopher A. Intermediaries. Prestegaard, High Road Capital Parnters.

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High Returns On A Small Fund Challenge Low Returns On A Big Fund

David Teten

He surmises that LPs aren’t buying the argument that large funds don’t perform. Beyond the fact that LP capital commitments don’t prove anything about returns, however, large funds are likely much more resilient to a few bad years than small funds are. But why would any LP ever drop out of such a fund?

LP 114
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On the Road to Recap:

abovethecrowd.com

Many have noted that the aggregate shareholder value created by all of the Unicorns will vastly overshadow the losses from the inevitable failed unicorns. Moreover, deep down most LPs know that performance in the VC sector is counter cyclical to the amount of money raised by VCs. If you over-fund the industry, aggregate returns fall.

IPO 40