Optics of skin in the game for independent sponsors:
Good: rolls closing fee plus invests cash
Bad: rolls closing fee
Ugly: cashes the closing fee
Optics of skin in the game for independent sponsors:
Good: rolls closing fee plus invests cash
Bad: rolls closing fee
Ugly: cashes the closing fee
This is my journey as an independent sponsor & equity investor.
I publish tactical insights for deal-by-deal private equity.
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