seven. Journey? A slow Fundraising Sector
As one of tennis’s greatest players, Billie Jean King, shortly after told you, “Winners continue to try out up to it get it right.” A whole lot more GPs have taken a typical page away from Billie Jean King’s book that with continuation funds to order time to loose time waiting for a much better environment or perhaps to always generate deeper value. What’s more, it brings LPs having a way to put money into pre-understood assets that are currently higher-undertaking, getting greater confidence responsible and you can efficiency.
Extension financing could also be used because of the GPs to make DPI and you may scrub brand new slate clean by taking their best collection company for the a preexisting fund to establish an extension fund; GPs give the feeling that it is a top-creating money whenever, in fact, the fresh bad writers and singers was left behind in the earlier money. As the this will be a good justifiable question having LPs, it does act as an effective way to say goodbye to previous holdings. Read more