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What Do You Look for When You're Investing in Large Funds?
The number one metric that matters is d p i, which is the ratio of distributions to paid in capital. Sax doyou, what do you look for when you're l ping? And now that you have many large funds, what do he think l ps are looking for now?Sax: In the long term, it's all d p i. If chamot had invested in slack, but there hadn't been an outcome, it could be on the books for a billion dollar position.