Avoiding ‘Landmines’ in Private Equity

In a wide-ranging interview, a partner at investment advisor Towers Watson points to the risks of re-upping amid a “frenzy of fundraising”—backing a manager before fully understanding what’s in the portfolio. Sanjay Mansukhani also shares his views on pairing performance with proper GP infrastructure, and what attributes must exist in a first-time fund manager in order to get his attention.