High Returns On A Small Fund Challenge Low Returns On A Big Fund
David Teten
MARCH 2, 2013
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?
Let's personalize your content