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Clear succession plans, steadily growing fund sizes, realistic marks and genuinely effective operating partners are among the things LPs need to see from a GP before making an allocation in the current environment.
That’s according to Young Lee, a managing director at New York-headquartered fund-of-funds manager
This episode is sponsored by Troutman Pepper Locke and Withum
Managers face an increasing set of expectations and obligations as the fees and expenses landscape continues to evolve. According to Private Funds CFO’s Fees & Expenses Survey 2026