LPs Want More Info on Management Teams, Value People Over Track Record, Survey Says

For LPs looking to invest in a fund, track record isn't as important as the people managing the pool, according to a survey from Green Peak Partners. More than two-thirds, or 68% of LPs, said that the most important criterion for evaluating whether to invest in a fund was the "perceived strength" of the team members. Only 40% said that "track record" was vitally important, the survey said.

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