Douglas Beyer

Partner to high performing investment mgmt entrepreneurs. Multi Strat. Public & Private markets. Disruptive Innovation. Emerging Managers. Opinions are my own.

[Douglas Beyer @beyer71]

@Druz8 What are you buying

[Douglas Beyer @beyer71]

@GavinSBaker You still like it?

[Douglas Beyer @beyer71]

@GuyAdami @lloydblankfein @penguinpress Can you send me a copy??

[Douglas Beyer @beyer71]

@BigJohn043 Good points. Each situation is firm depended but the commonality is there must be enough long term alignment/incentive across the team to create the right long term behaviors.

[Douglas Beyer @beyer71]

@SJosephBurns Michael Steinhardt

[Douglas Beyer @beyer71]

@HarryStebbings All ears

[Douglas Beyer @beyer71]

@RobertIger nice meeting you at three guys! Have learned a lot from your leadership and management over the years.

[Douglas Beyer @beyer71]

@alexklein0x We are also backing emerging managers at Roaring Brook Holdings!

[Douglas Beyer @beyer71]

Any updates? #USOpen

[Douglas Beyer @beyer71]

@usopen entrance for kids day is super disorganized. You have one lane for strollers. Last year was much more organized. #USOpen2025

[Douglas Beyer @beyer71]

@Trace_Cohen Spectacular

[Douglas Beyer @beyer71]

@shaig @TheNFTCPA Hope is that it is reallocated back into venture but there are a lot of competing destination for liquidity in LP portfolios including funding operations and rebalancing asset allocation. Excited to see LP mentality once more distributions come!

[Douglas Beyer @beyer71]

@Trace_Cohen @wquist This will come up in more LPAs. It’s a serious dilemma though. Both LPs and GPs desperately need liquidity and with distributions of private assets/stock it doesn’t get them liquid and creates more of an operational / infrastructures problem for LPs to truly get cash back.

[Douglas Beyer @beyer71]

@Trace_Cohen @wquist So will GPs then take their carry in private stock? Interested to see the clawback provisions on this.

Are you suggesting that if LPs get private stock distributions that they will engage a vendor to dispose of the assets or roll into a secondary wrapper to sell?

[Douglas Beyer @beyer71]

@rex_woodbury Great news. Congrats

[Douglas Beyer @beyer71]

@skupor So what are you going to incorporate!

[Douglas Beyer @beyer71]

@bznotes @Samirkaji In many instances these managers did not change their focus areas and instead overfunded companies. Time will tell once these companies run out of $$$. LPs, GPs and founders all got caught up. Times they are a changin!

[Douglas Beyer @beyer71]

@ankurnagpal It’s a conundrum wealth creators will continue to experience from now until forever! It’s never easy to set up your anti fragile wealth plan prior to cash infusion and most overlook it on the way up and when the day comes you’re already behind! Interesting learnings.

[Douglas Beyer @beyer71]

@pitdesi Good luck my friend lol. Welcome.

[Douglas Beyer @beyer71]

@jasonlk @MeghanKReynolds @StepStoneVC It’s important to understand what levers a GP has at their disposal to generate liquidity in the portfolio but as we all know it never goes as planned!

[Douglas Beyer @beyer71]

@jasonlk @MeghanKReynolds @StepStoneVC If the upside from the current valuation to exit isn’t much more than taking chips off the table makes a lot of sense but early stage investing / companies take a lot time to gestate and mature so LPs with experience in the asset class know that it takes time.