Cambridge, Massachusetts ,US
Posted on: Feb. 19, 2014, 2:30 p.m.
LPs also want to catch the next Mike Maples; they want to buy an option to get into your later funds. Instead of writing a $25 million check to one firm, they’ll write five $5 million checks with the hope that they might be able to give [the best of those small funds] $50 million the next time. Full investment news article
Relevant to this post : Bullpen Capital