Juan Orbea
@juanorbea
Juan Orbea
@juanorbea

Traditional Fund
Traditional funds typically do a “big bang” fundraise and begin deploying capital after the First Close. Once the fund is officially closed, they’re unable to accept new LPs.
That said, it’s not uncommon for fund managers to leave their fund “open” for several months while deploying and raising additional capital.
... See moreTotal Value to Paid-In Capital (TVPI)
TVPI is a measure of both the realized and unrealized value of a fund as a proportion of the total paid-in, or contributed, capital. It is calculated by (total value) / (paid-in capital) where total value is (distributions + net asset value). A TVPI over 1.00x means an investment’s value
... See moreconsciousness and
Our understanding of the world in which we live in is inherently imperfect. There is always a discrepancy between the participants' views and expectations and the actual state of affairs. Sometimes the discrepancy is so small that it can be disregarded but, at other ties,