How to Survive Raising Your First Private Equity Fund
Private Equity FunCast · Jim Milbery
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Show Notes
Raising your first private equity fund is humbling. Like Lloyd Dobler holding a boombox outside an LP's window, you need to be committed and creative.
It took us over 150 meetings and almost 2 years to get to the finish line. One LP fell asleep mid-pitch. We got stranded in a monsoon in Connecticut. Kenny the Associate torpedoed us in Manhattan. Jim got locked out, and Devin had to fly solo.
We survived. You can too.
From hiring a placement agent to practicing your pitch to getting LPs to tell you what they want, to recharging your batteries on the road so you can keep going til the end.
This is everything we wish someone had told us.
Always Be Closing. Kinda.