It’s still LP Meeting season in private equity and hedge fund land, and I keep running into basic errors. Here’s Mistake #99: Not rehearsing together. I just came back from a meeting in which the Founder spoke first, followed by
Twice last week I encountered speakers with a high number of UPMs: Uhms Per Minute. I was willing to forgive one of them. His UPMs were around 16. I wasn’t so easy on the other guy. His UPMs were around
What is the purpose of an LP Meeting? Is it to inform the limited partners about the performance of their investments? I don’t think so. The LPs already know the numbers. They don’t come to the meeting to hear the