PE: illiquidity.
Limited Partners:
- Institutional investors(pension funds, endowment funds, etc)
- High Net Worth Individuals(Michael Milken)
Generally speaking, PE prefers Corporate investors.
Competition in PE: on LP side, not the deal side.
Types of investors that a PE fund should avoid: fault records; investors with sensitive political positions
Fund structure
Term sheet - PPM - LPA
Why join the PE industry
- money
- exciting
- management challenges
PE database
- Pitch book
- preqin
- PE international
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