Vetting Sponsors to Co-GP or work with for a FoF?

[Kyle Curtin]

Hey guys!

What tips do you guys have for vetting other Co-GP’s /Sponsors to potentially work with (especially not in your local markets!)? I have gotten pitched a few times from a few sponsors across different parts of the country to raise with them and just trying to safely create an SOP for navigating that dynamic.

I absolutely aspire to be a part of a few GP teams doing the investor relations end and raising what I can in the near future, but feel like I have to have a very solid relationship with them, fly to the markets and check out the building/area and get a VERY solid picture of what’s going on, meet the rest of the team in person for lunch, take like 6 months to build a relationship with them and kinda date them in a way etc. before considering working even working together….

I know some of that is probably overkill but it is just my initial thought from a core value and genuine relationship building standpoint and if I am confident putting my investors capital as well as my name & reputation on the line. I feel like I need to have a very good understanding of all of the people involved and logistics of the market, drivers, deal, the whole gamit haha.

How do you guys that are Co-Gp’ing with other sponsors and Fund of fund managers like to vet your sponsors to work with? Aside from just track record and everything on their website and tactical spreadsheet lol.

Thank you!

Kyle :)