David Weisburd 🚀
@DWeisburd
Notre Dame's endowment rarely hammered GPs on terms.
Instead of a flat 30% carry, they'd tell managers: start at 20, go to 30, maybe higher if you clear 4-5x the fund.
Scott Malpass's logic: "I'm happy to pay up for excellence as long as the terms are balanced."
Instead of a flat 30% carry, they'd tell managers: start at 20, go to 30, maybe higher if you clear 4-5x the fund.
Scott Malpass's logic: "I'm happy to pay up for excellence as long as the terms are balanced."
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