Why Private Equity Can’t Rely on ‘Smoke and Mirrors’ When Fundraising

Abbott Capital Management Managing Director Young Lee joined Private Equity International Group’s Commitment Issues podcast, hosted by PEI Global Editor Chris Witkowsky alongside Ridgemont Equity Partners’ Jack Purcell.

Young described how LPs often place significant weight on GPs’ operating partners, but that this value only holds when those partners are both effective and properly utilized by the GP. He also weighed in on distributions, emphasizing that LPs want to see capital returned before GPs come back to ask for more.

Watch the episode here: https://www.youtube.com/watch?v=ue6BLyv5bwo

Sources and Important Information

The views, opinions, and statements expressed by the individuals in this episode are their own and do not necessarily reflect the views, opinions or official positions of their firms or their affiliates. Nothing in this episode should be construed as investment, legal or tax advice, or as an offer or solicitation to invest in any fund or vehicle managed by the firms or any other party. Statements regarding past performance are not indicative of future results.