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The Importance of Alignment in Private Equity
I wouldn't say I've met many LP's who just don't understand but it's a different thing to know how deals work and to read the presentations. The best way to evidence it, of course, is the results. That's where some of the most interesting and memorable things that I've worked on or even that I've just seen on both sides of the fence have beenWhere a deal hasn't worked out in the beginning but actually the folks have fought tooth and nail to make sure it works out at the end.