Honeycents Canada Limited’s Post

Are you confident in how much capital your existing LPs will commit for your next raise? According to recent studies, a solid re-up rate for the next fund is around 75%. So that is 25% on average missing from the next fund. So how do you go about filling the gap? Most of the time that means attracting new LPs. Those gaps might be difficult to fill unless your IR team's is communicating effectively, explaining strategy clearly, and is targeting the right prospective investors. An effective IR function can be vital when it comes to situations like this. How do you feel your IR function is performing? #privateequity #investorrelations #recruiting #hiring — Like what you see? We would love any feedback. Feel free to reach out or follow our page, Coastal Partners.

"Excited to share that I'm seeking investors for an innovative real estate project! If you're interested in exploring investment opportunities in this lucrative venture, let's connect and discuss further. Looking forward to partnering with visionaries who share my passion for real estate development."

Asking for a VC about the exit strategies for a fund. There's obviously the public markets, but also M&A opportunities. For a GP pitching a large proportion of their exit strategy comes from M&A, what are some of the traits, skills, or networks that an LP would look for when assessing such a fund? At the top of my head, - relationships with corp dev people at companies in their sector seems like a must-have - prior operating/founding experience exiting their company via M&A - networks with great law and audit firms to help with that - relationships with CVCs and PE firms - a fund model that accounts for smaller individual returns with hopefully a greater batting average I will also admit these are deeper waters than I'm qualified to wade in, so tagging people much smarter than I am, who may have thoughts: Chris Douvos Elizabeth "Beezer" Clarkson OpenLP Jamie Rhode, CFA Lisa Cawley, CFA Ben Choi David York Jaap Vriesendorp Aakar Vachhani

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Investor job opening: I know of an operator/fund GP that is hiring an investor for their upcoming fund. It's a $15M AUM target, not first fund, and wants to bring someone on to help with the overall work of the fund - they will target to write $250K checks into 30 companies, + pro rata. The role would include full (not skimpy) salary and carry in the fund. And the person you'd be working with is good people - someone I've collaborated with multiple times. Ideally someone making a name for themself as a young hustler, with a network in NYC or SF preferably (but they are flexible for someone with the right hustle). That could look like an associate at a fund, who wishes they had more influence on check writing and building leverage around their hustle. If you are a hustling, pre-partner investor or high efficacy deal maker with a network in SF or NY, shoot me an email at mike@mikemaccombie.com with exact title "$15M Fund Investor Role" and include specific points about your track record as an operator/investor/network builder, network in SF/NYC or elsewhere, and a resume/LinkedIn.

This message is for anyone looking to hire talent in NYC on their operational due diligence team or any alternative investments manager who would like to hire an ODD expert to consult with them on that part of the sales process. 👉 Please consider reposting this message As a hiring manager, a recommendation from someone I trusted was gold. I only write these recommendations for people who I know very, very well and who I know will make me look like a genius for the introduction. I will not benefit from this post other than the endorphin rush one gets from making a good connection. We are all entitled to our own views on the ODD process, but I know this fact: ✨ these people are like free consulting to make your fund better ✨ Typically, they will visit for one day and the really good ones will point out every flaw in your business and then will tell you exactly what you need to do to fix it. This woman was my client a decade ago. She would come in annually and I knew that if we weren’t prepared for her, it was going to be painful, and we’d have no one to blame but ourselves. She is passionate about improving fund managers and that is what makes her so good. She prefers the flexibility to perform substantive, deep dive reviews of potential investment managers. She has no interest in just checking boxes. She has 16 years of experience conducting operational due diligence on hedge fund and PE/PD managers. Her resume is a list of prestigious institutional investors that you'd expect would have robust ODD capabilities. Besides a thorough understanding of back office best practices that you’d anticipate from an ODD specialist, she also has many unique hard skills including a deep understanding of the following: ERISA, LPA & PPM drafting, SBC & SMA structures, direct lending agreements (for co-invests), all kinds of entity structuring, and UCITS and non-US structures. She has reviewed hundreds of funds and products and is easily able to weigh in on new product creation from a limited partner’s standpoint. She has domestic and international experience. She speaks Russian fluently 🔥 Most importantly, she is a good human. She’s easy to work with, pleasant to be around and would be a fantastic addition to any team. This position should be in NYC, CT or remote. Full time in-office requirement is fine. Send me a message if you have an opportunity that you'd like her to consider.

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🌟I'M LOOKING FOR ANGEL INVESTORS🌟 Are you swamped with a full-time job or a business and don't have the time to build a lucrative property portfolio? Look no further!..... I can handle everything from start to finish for you! Don't worry if you lack the expertise or knowledge – leave it to me! I specialise in sourcing profitable property projects that will generate a good passive income as well as achieve high capital growth. I offer protection by way of 1st charge as legal security for each property investment along with a legally binding shareholders' agreement. If you are interested in knowing more about the projects I'm currently working on please feel free to reach out for further details without obligation. #AngelInvestors #PropertyInvestment #PassiveIncome #CapitalGrowth #EquityShares #InvestmentOpportunity

🌟 Exciting Opportunity Alert! 🌟 Are you ready to elevate your business to new heights? Don't miss out on this incredible opportunity to secure funding! Apply now to qualify for up to $500,000 in funding and propel your business forward. Whether you're expanding, innovating, or just getting started, this funding could be the boost you need to achieve your goals. Seize the opportunity and take your business to the next level! Apply today and turn your vision into reality. Click this link https://bit.ly/3UIRng3 #FundingOpportunity #BusinessGrowth #HPR #RealEstateInvestment #PropertyInvestment

In our quest at Flybridge Capital Pty Ltd to find talent we had a chat to approx 15 fund managers this week from around the globe and this time it is not the usual denominator effect it is the numerator effect on flows into private markets. So upshot is the following - NAVs of Private Market assets remain resilient however distributions from such assets have slowed. Institutional investors who find their programs overweighted toward private equity must start by asking if they truly want to reduce exposure to their best-performing asset class. Those who are reluctant to take any dramatic steps nonetheless also appear reluctant to grow their positions: Fundraising for new private equity funds has steadily declined from record highs in 2021 through an erosion of new commitments each quarter through fourth-quarter 2023. Limited partners (Investors) are becoming increasingly vocal that general partners(Fund Mangers) must prove their efficacy by selling assets in existing portfolios before they can expect to get fresh capital to build anew. The private equity markets need not apologise for their strong performance over the past few years. Yet this growth is creating consequences for investors and fund managers alike. The ramifications of the “numerator effect” are starting to become clear and will likely affect private equity portfolios into the foreseeable future. That said, investors who stay the course during this transitory period may be rewarded. To mitigate this imbalance, investors should consider the exact opposite approach by leaning into middle market strategies via new commitments or secondary purchases.