The Changing LP and GP Relationship

“Deeper relationships with fewer GPs.” This refrain rings across the private equity landscape as investors seek to reposition and streamline their portfolios for the opportunity that lies ahead. But what does “fewer GPs” mean for the fundraising market? How does a private equity firm plan for its next fundraise with so many LPs in consolidation mode?

In this second of three programs in Privcap’s “Changing LP Appetites” series, Peter von Lehe of Neuberger Berman, Hussein Khalif of MVision, and Michael Elio of LP Capital Advisors discuss the LP desire for fewer GPs in the portfolio.