Michael Sterry (@michael_sterry) 's Twitter Profile
Michael Sterry

@michael_sterry

Investor for family offices and institutions in venture, growth and buyout funds. Not investment advice - do your own diligence mate.

ID: 1114649227794059264

linkhttps://lettercapital.substack.com/ calendar_today06-04-2019 22:00:59

290 Tweet

207 Followers

391 Following

Michael Sterry (@michael_sterry) 's Twitter Profile Photo

Distributions for euro venture have been an issue for some time. Less DPI means less LP commit means less capital for innovation. Corporate and governments fill the gap. Lessons for Australia

Distributions for euro venture have been an issue for some time. 

Less DPI means less LP commit means less capital for innovation.

Corporate and governments fill the gap.

Lessons for Australia
Michael Sterry (@michael_sterry) 's Twitter Profile Photo

Buyout management fees are at their lowest lever since records began. Tough market. I wonder if the average is aggregate dollars, rather than check. There’d be some big pensions with discounts, perhaps not the smaller checks.

Buyout management fees are at their lowest lever since records began.

Tough market.

I wonder if the average is aggregate dollars, rather than check.

There’d be some big pensions with discounts, perhaps not the smaller checks.
JV (@ayyouem) 's Twitter Profile Photo

Lol. Lmao even. We haven't distributed any capital ("but look at your IRR!") and you can't sell your stake unless you write a commit for the next fund. Deeply unserious industry, even more unserious LPs still playing along with this.

Lol. Lmao even. 

We haven't distributed any capital ("but look at your IRR!") and you can't sell your stake unless you write a commit for the next fund. 

Deeply unserious industry, even more unserious LPs still playing along with this.