Underwriting’s influence on track record
GPs’ documentation practices play an outsized role in private credit, and LPs should know whether they’re doing it well.
Limited partners put an almost unanimous emphasis on a potential general partner’s track record, with 97.6 percent of respondents in our annual PDI Perspectives 2019 investor survey saying it forms a major part of the due diligence process when examining potential funds in which to invest.
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