@Restructuring__ 100% agree - this has zero real insight. She’s also the co-lead of the firm’s evergreen vehicles. It’s marketing fluff aimed at retail investors via wealth managers/evergreen funds. “We love volatility” sales speak. Nothing new…
@JamesHahnPGA As someone not fishing for likes or follows, I don’t like either. But Sergio pisses me off much much more than Rory. Sergio is a prima donna.
@travisfulton I have a feeling that as these guys are further and further detached from PGA (time-wise), their quality of play will go down noticeably. The competitive stakes just aren’t high enough for them and the excessive money drives bad habits.
Things to diligence when considering fundless sponsor offer:
- track record to date on funded deals
- partners prior background (mid level vs senior)
- have they hired placement agent for first fund launch
- have they received a commitment from anchor investor(s) for 1st fund